The viability of Bitcoin (BTC) and crypto assets in today’s ever-changing economy continues to swell, according to a former Goldman Sachs executive.
Bitcoin and Crypto Just Make Sense
Legendary Bitcoin-centric podcaster Stephan Livera recently brought on Raoul Pal, a crypto-curious former executive of Goldman Sachs that now heads Real Vision, to talk investment.
True to the theme of Livera’ podcast, Pal took some time to explain his thoughts on Bitcoin. In one soundbite, which can be found in the tweet below, the economist explained that as it stands, the most popular asset classes make no sense for millenials with ten- to 20-year outlooks.
Equities, he explained, are roughly at all-time highs, and are pushing extreme valuations for relatively little profit and potential. As Ray Dalio, a legendary hedge fund manager, explained earlier this year:
“There are a lot of parallels between now and the late 1930s. From 1929 to 1932 we had a debt crisis — interest rates hit zero. Then there was a lot of printing of money, and purchases of financial assets brought their prices higher.” Read More at NewsBTC...