Raoul Pal, CEO and founder of Global Macro Investor, said on Twitter that he saw a huge potential in cryptocurrency that could boldly compete with gold.
He does not lose his love for cryptocurrencies and the king of digital money, despite the collapse of the market and huge waves. His tweet earned 5700 hearts and over 1700 retweets.
Additional light for cryptocurrencies and Bitcoin
CEO and founder of Global Macro Investor Raoul Pal likes cryptocurrencies. A well-known investor and advisor admires the possibility of such a small project to compete with the centuries-old financial system. The power of BTC as a digital currency is really great.
It is true that many people choose cryptocurrencies to choose where to put their money during the crisis. Therefore, it is possible to see price increases on P2P exchange offices such as LocalBitcoins mainly during the Great Depression. For example, during protests in Africa, inflation in Venezuela or censorship and oppression in Iran.
Pal on social network Twitter wrote:
I can not express how bullish I am on bitcoin. We are at risk of losing the entire system right now. I know they will find a way to save it but all trust is lost.— Raoul Pal (@RaoulGMI) March 19, 2020
Gold guys/girls – you’ll be fine too. It’s just that $BTC has bigger upside, by far but is riskier than gold