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Raoul Pal, macroeconomics expert and CEO of Real Vision, stated that gold prices are poised for an increase, yet the growth potential offered by cryptocurrencies is greater. During a discussion with Anthony Scaramucci, founder of SkyBridge Capital, on the Wealthion YouTube podcast, Pal provided significant insights into how currency devaluation impacts both gold and digital assets.
Gold and Cryptocurrencies: Common Drivers
Pal noted that the rising interest burden of U.S. debt supports both gold and cryptocurrencies. He asserted, “As currencies lose value, both gold and cryptocurrency markets are positively impacted,” emphasizing that cryptocurrencies are particularly attractive for investors due to their high beta and risk-reward balance.
Regarding gold, he remarked, “The devaluation of currency will continue, driving gold prices up. However, I prefer cryptocurrencies which offer higher returns.” Pal argued that digital assets become more appealing to investors during periods of economic uncertainty.
Economic Cycles and Recession Claims
Raoul Pal highlighted the profound effect of currency devaluation on economic cycles. He state…
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