'Make As Much Money As Possible' Before AI 'Renaissance,' Says Raoul Pal, Who Sees Bitcoin As 'The Standout Asset'
Portfolio Pulse from Khyathi Dalal
Raoul Pal, former Goldman Sachs executive, highlights Bitcoin as a standout asset amidst global currency debasement and predicts a future economic shift due to AI and robotics. He advises maximizing earnings before this transformation.
August 20, 2024 | 6:13 pm
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Raoul Pal identifies Bitcoin as a standout asset due to its historical performance against currency debasement, averaging 150% annual gains since 2011. He suggests Bitcoin outperforms other assets like the S&P 500.
Pal's analysis positions Bitcoin as a superior asset in the context of global currency debasement, suggesting it will continue to attract investors seeking high returns. This could lead to increased demand and a positive short-term price impact.
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RELEVANCE 90