Macro guru Raoul Pal is saying that millennial investors are opting to invest in Bitcoin (BTC) instead of traditional assets like gold.
In a new interview 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