Macro Guru Raoul Pal Says Millennials Migrating to Bitcoin From Gold and Traditional Finance – Here’s Why

Oleh The Daily Hodl - 2 tahun yang lalu - Masa Membaca: 2 minit

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.

Dalam baru temuduga 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.”

. mengakibatkan 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
daftar Tindakan Harga

Jangan Terlepas - Langgan untuk mendapatkan makluman e-mel crypto dihantar terus ke peti masuk anda

Ikut kami di Twitter, Facebook and Telegram

Melayari Campuran Hodl Harian

  Semak Berita Terkini

  Penafian: Pendapat yang dinyatakan di The Daily Hodl bukan nasihat pelaburan. Pelabur harus melakukan usaha wajar sebelum membuat pelaburan berisiko tinggi di Bitcoin, cryptocurrency atau aset digital. Harap maklum bahawa pemindahan dan perdagangan anda adalah atas risiko anda sendiri, dan kerugian yang mungkin anda alami adalah tanggungjawab anda. Daily Hodl tidak mengesyorkan membeli atau menjual sebarang cryptocurrency atau aset digital, dan juga The Daily Hodl adalah penasihat pelaburan. Harap maklum bahawa The Daily Hodl mengambil bahagian dalam pemasaran gabungan.

Gambar Pilihan: Shutterstock / Kit8.net

Jawatan Macro Guru Raoul Pal Says Millennials Migrating to Bitcoin From Gold and Traditional Finance – Here’s Why muncul pertama pada The Daily Hodl.

Sumber asal: The Daily Hodl