Site na Daily Hodl - afọ 2 gara aga - Oge Ọgụgụ: nkeji 2
Macro Guru Raoul Pal Says Millennials Migrating to Bitcoin From Gold and Traditional Finance – Here’s Why
Macro guru Raoul Pal is saying that millennial investors are opting to invest in Bitcoin (BTC) instead of traditional assets like gold.
Na ọhụrụ Ajụjụ ọnụ with Parallax Digital CEO Robert Breedlove, Pal says that the traditional answer to currency debasement was gold, but that is no longer the case with a new generation of investors.
“The traditional answer was gold. It hasn’t done great. It’s done okay. It’s done its job, but the problem is, the millennials can’t generate wealth – if gold defends your wealth… [there’s] nothing to defend. So, it becomes incredibly difficult to generate wealth. Bitcoin comes along and changes the equation.”
The Real Vision CEO says that investors will gradually see the value of crypto and migrate to this new asset class.
“It takes a long time for people to see it. This adoption takes a while, but people realize here is a technological construct that has ubiquitous global scarcity and, therefore, if we all perceive it to have value, then it shall be so. So, the migration begins and I think of it as a migration to this parallel financial system that’s being built in front of your eyes.”
He adds that the same thing happens with decentralized finance (DeFi) – many do not yet fully understand the concept, but the space is bound to grow.
“The rise of DeFi was the other huge thing that happened. People haven’t got their heads around what this means yet, but it is gigantic because, basically, people don’t trust financial intermediaries any longer.”
Pal clarifies, though, that people’s mistrust of financial intermediaries is not these institutions’ fault.
“They want to blame somebody, so [they] blame the banks. It wasn’t the banks’ fault. They just did the rational thing.”
The akpata of the CNBC Millionaire Survey released in June shows that nearly half of millennials with at least $1 million in investable assets allocate at least a quarter of their wealth in crypto. In contrast, only 10% of older millionaires have more than a tenth of their wealth in digital assets.
I
Tulee price Action
Echefula Beat - Idenye aha iji nweta ozi mkpu email nke a na-enyefe na igbe mbata gị
Soro anyị na Twitter, Facebook na telegram
ịwagharị Ngwakọta Daily Daily
Ngọnarị: Echiche ndị e gosipụtara na Daily Hodl abụghị ndụmọdụ ntinye ego. Ndị na-etinye ego kwesịrị ime mkpebi siri ike tupu ha etinye ego ha nwere nnukwu ihe ọghọm Bitcoin, cryptocurrency ma ọ bụ ihe dijitalụ. Biko nye ndụmọdụ ka ị nyefe gị na azụmaahịa gị nọ n'ihe egwu gị, na ihe ọ bụla funahụrụ gị nwere ike ịbụ ibu ọrụ gị. Daily Hodl anaghị akwado ịzụrụ ma ọ bụ ire nke ihe ọ bụla cryptocurrencies ma ọ bụ akụ dijitalụ, ọbụnadị Daily Hodl abụghị onye ndụmọdụ itinye ego. Biko rịba ama na Daily Hodl na-esonye na ahịa mmekọ.
Featured Image: Shutterstock/Kit8.net
The post Macro Guru Raoul Pal Says Millennials Migrating to Bitcoin From Gold and Traditional Finance – Here’s Why pụtara na mbụ Hodbọchị Hodl.
Isi mmalite: Hodbọchị Hodl