Raoul Pal, CEO and founder of Real Vision, says his “persuasive power” with Bitcoin increases daily as the cryptocurrency asset is compared to traditional investments over different periods of time.
A former Goldman Sachs fund manager applied the business theory in a series of charts posted to Twitter on August 6, stating that although many investors are choosing gold as an alternative to fiat currency, Bitcoin (BTC) is the only asset in the market the world has been “compensating.” G4 Balance Sheet Growth. 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. There is only one asset that has outgrown a massive amount in nearly every time horizon: Bitcoin.”
The CEO continued:
“My belief in Bitcoin is increasing every day. I have been irresponsible for a long time. I think now that it may not be worth having any other asset as a long-term asset allocation, but this is a story for another day.”
Rising for 2025
Pal Cointelegraph told in May that the devaluation of global currencies would cause the bitcoin price to rise 50 to 100 times over the next five years. He interpreted the business theory charts to mean that the cryptocurrency could eventually reach $ 1 million.
As of this writing, Bitcoin’s price is close to $ 11,800 after surging 6% in the past seven days.