binance-banner.jpg

Bitcoin Bull Raoul Pal: Bitcoin Is Literally The Biggest Story I’ve Seen In My Life


Bitcoin Bull Raoul Pal: Bitcoin Is Literally The Biggest Story I’ve Seen In My Life

Bitcoin Bull Raoul Pal has enunciated his bullish sentiment for Bitcoin once again. This time the Real Vision Finance CEO called Bitcoin ‘literally the biggest story’ of his life.


Pal is never quiet for long when it comes to the bullish case for Bitcoin, and he was speaking on Yahoo Finance, laying out his vision for macro and Bitcoin.


The way all governments are printing money will force everyone to hedge away from dollar denominated assets, according to the British Bitcoin Bull-dog.


A Wall of Institutional Money Is Heading To Bitcoin


Pal, a former hedge fund manager at JP Morgan, says ‘a wall of money’ from the institutional space is heading towards Bitcoin, as institutions go in search of a safe haven from the macro uncertainty.


Raoul Pal believes the government giving banks crypto custody allowance is basically ‘codeword for prime broking for the hedge funds.’ So we should expect the hedge funds to enter the Bitcoin space, from as early as next year.


We can then expect Registered Investment Advisors (RIA) to enter the space along with an ETF. RIAs manage the assets of high net-worth individuals and institutional investors, and these will trigger huge swathes of investment. Read More