In this interview with Daniela Cambone, former hedge fund portfolio manager Raoul Pal discusses his views on the current state of the economy. Pal recently moved more than 50% of his assets into bitcoin.
The chief executive officer of Global Macro Investor said that it is not an "end of the world' philosophy which will drive the cryptocurrency to rally but an adoption by the real large holders of capital. "I have reduced cash and put that into bitcoin. I'm also thinking of selling my gold to buy more...bitcoin will massively outperform gold, I am 100% convinced of that," he said.