The CEO and founder of Real Vision, Raoul Pal says his “belief levels” in Bitcoin increase daily as he compares the crypto asset to traditional investments on different time scales.
Application of business cycle theory in a number of graphic The former Goldman Sachs fund manager, posted on Twitter on Aug. 6, said so Although many investors choose gold as an alternative to fiat, Bitcoin (BTC) was the only asset in the world that could “offset the growth of the G4 balance sheet”.. The G4 refers to the Bank of England, the Bank of Japan, the Federal Reserve and the European Central Bank.
“There are no stocks, no bonds, no raw materials, no loans, no precious metals, no miners. Only one asset massively surpassed almost every time horizon: Bitcoin. “
The G4 central bank balance sheet on Bitcoin. Source: RaoulGMI
The CEO continued:
“My belief in Bitcoin is increasing day by day. Now I think it might not even be worth owning any other asset as a long-term asset allocation, but that’s a story for another day. “
Optimistic about 2025
Pal told Cointelegraph this in May The devaluation of world currencies will cause the price of Bitcoin to rise 50 to 100 times over the next five years. Interpreted that Business theory charts mean that the cryptocurrency could eventually reach $ 1 million.
At the end of this issue, Bitcoin price is approaching $ 11,800, up 6% in the past seven days.