- Raoul Pal, former Goldman Sachs executive, believes crypto will outperform almost all other assets in light of long-term currency debasement.
- Pal warns that most people will not be able to avoid the negative effects of currency debasement.
Crypto and Tech Stocks: The Only Assets to Outrun Debasing Currency
Raoul Pal, founder of Real Vision and former Goldman Sachs executive, recently told his almost one million Twitter followers that high-quality crypto and tech stocks are the only assets that will outrun the predicted currency debasement. Pal believes that, following the collapse of First Republic Bank, the US will enter another chapter of money printing to pay off its massive debt. He warned that most people would not be able to escape the negative effects of currency debasement by hoping for pay raises or being smart about saving.
According to Pal, high-quality crypto has the highest beta to the global central bank balance sheets and will likely outperform virtually all other assets. Unlike other assets, such as real estate, gold, bond yields, EM equities, and credit, high-quality crypto and tech stocks can outperform currency debasement.