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Don’t Miss Out: Goldman Sachs Declares Bitcoin and Crypto Markets Ripe for Investment

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  • Raoul Pal, former Goldman Sachs executive and CEO of Real Vision, urges immediate investment in Bitcoin, predicting a surge due to macroeconomic conditions.
  • Anthony Pompliano, prominent crypto expert, anticipates the “Great Accumulation Race” for Bitcoin, triggered by an influx of ETF applications by major firms.

Raoul Pal, former Goldman Sachs heavyweight and current CEO of Real Vision, has thrown his weight behind digital assets, imploring investors to seize the present moment for cryptocurrency investment. According to Pal, the current macroeconomic climate is perfectly poised for Bitcoin (BTC) and other digital currencies to thrive.

The former Wall Street maven foresees the dawn of what he terms the Exponential Age, where groundbreaking technologies such as artificial intelligence (AI) will boom alongside cryptocurrencies. Pal further postulates that the Federal Reserve’s actions, to counter inflation through interest rate hikes, will necessitate additional market liquidity. This cycle of fiscal action has, historically, been a prime catalyst for cryptocurrency value ascension.

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Addressing the optimal entry point into the crypto market, Pal’s response was unequivocal: “Right now.” In an environment where cutting-edge technology and cryptocurrency reign supreme, further fueled by more ‘cowbell’ or money printing from central banks, Pal posits a ‘barbell strategy’ combining gold and hard assets with technology and crypto for maximum investment yield.

Pal’s exhortation comes at a time when cryptocurrency market capitalization stands at a robust $1.22 trillion, having seen a 5.7% rise over the past 24 hours.

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Echoing Pal’s bullish sentiment is crypto pundit Anthony Pompliano, who anticipates the onset of the “Great Accumulation Race” for Bitcoin. The race was sparked by BlackRock’s filing for a Bitcoin spot ETF, heralding a flurry of similar filings by top-tier institutions like Invesco, WisdomTree, Bitwise, and Valkyrie. As Pompliano describes it, Bitcoin’s finite nature — only 21 million BTC will ever exist — and retail investors’ long-held advantage, is now being countered by institutional and individual players jostling for their share.

Pompliano highlights the illiquid nature of the asset: nearly 68% of all BTC in circulation hasn’t moved in over a year. When juggernauts like BlackRock, Invesco, and WisdomTree aim to buy Bitcoin, they will meet an increasingly illiquid asset as current holders resist selling. This scenario, with a fixed supply asset encountering surging demand, can only result in price inflation. The ‘great accumulation race’ is, thus, in full swing, with the finish line being anyone’s guess.


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Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
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