- Former Goldman Sachs executive Raoul Pal believes now is the right time to enter the cryptocurrency market.
- Pal cites macroeconomic conditions and the need for the Federal Reserve
to inject more dollars into the market as reasons for his belief.
- He also mentions the rise of innovative technologies and artificial intelligence as factors that will drive the cryptocurrency sector.
It’s Prime Time to Invest in Bitcoin and Cryptocurrencies!
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According to Raoul Pal, the former executive of Goldman Sachs and current CEO of Real Vision, the time is ripe to buy Bitcoin and cryptocurrencies. In a recent interview, Pal stated that the Federal Reserve will have to inject more liquidity into the market due to the current macroeconomic conditions. He believes that just like the demand for risk products increased after the Covid-19 pandemic, the printing of more dollars will lead to a rapid increase in demand for cryptocurrencies. Pal also mentioned that the rise of artificial intelligence and other innovative technologies will fuel the growth of the cryptocurrency sector.
In the interview, Pal responded to the question of when is the right time to enter the cryptocurrency sector with a simple answer: “Now is the time.” He believes that in an environment where the Federal Reserve needs to cope with the economic crisis by injecting more liquidity, cryptocurrencies and innovative technologies are the best performing assets. He sees them as the best strategy compared to traditional safe-haven assets like gold.
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Another participant in the interview, Robert Kiyosaki, the author of the famous book “Rich Dad Poor Dad,” thanked Pal for his past advice to buy Bitcoin. Kiyosaki revealed that he bought 60 Bitcoins at $6,000 each based on Pal’s recommendation, and this move has changed his life.