Bitcoin “Kills” Gold on a Risk Adjusted Basis: Macro Analyst

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Bitcoin’s recent price action has scared analysts. The cryptocurrency slipped around 3% even after Jerome Powell announced higher inflation expectations/targets. Gold has also moved lower, shocking investors thinking scarce assets only move up in the ongoing macro environment. Bitcoin is still a great buy on a macro time frame, though, according to Raoul Pal. Pal added that he thinks BTC remains the better macro bet than gold, despite the precious metal’s long-term track record. Raoul Pal is the chief executive of Real Vision and is a Wall Street veteran, having headed a division at Goldman Sachs. Bitcoin Remains a Great Macro Trade: Wall Street Vet Raoul Pal, CEO of Real Vision, thinks Bitcoin and gold remain in a good spot from a macro perspective despite recent weakness: “Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will…

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