This Ex-Goldman Sachs Exec Is “Irresponsibly” Long on Bitcoin For This Reason
Raoul Pal, the CEO of Real Vision, doubled down on his support for Bitcoin in a Twitter thread on August 6th. He noted that while gold is good as a hedge against fiat currency money printing, Bitcoin may be better:
He added that this simple fundamental fact is making him more bullish on the cryptocurrency than ever before. Pal added that he is now “irresponsibly long” on the cryptocurrency.
Not the Only Wall Street Bull
Pal is far from the only Bitcoin bull that hails from Wall Street.
Mike Novogratz is a former Goldman Sachs partner and a former executive at Fortress. He has since pivoted to Galaxy Digital, a crypto-asset investment bank, as many know. Novogratz recently doubled down on his love for Bitcoin in a comment to CNBC, arguing that BTC could hit $20,000 this year:
There are also other players like Paul Tudor Jones, a billionaire hedge fund manager. While Jones allocates a majority of his time to traditional investments, in May he announced that he is publicly and professionally taking a stake in Bitcoin futures.
He cited the ongoing monetary easing policies by central banks, calling them “unorthodox.” Jones added that he thinks Bitcoin will be the “fastest horse in the race” in a world where fiat money is being debased at seemingly a record rate.
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Wall Street Veteran Explains Why He's "Irresponsibly" Long on Bitcoin
Originally from Bitcoinist.com https://ift.tt/3gBfQgA
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