Former Goldman Sachs executive Raoul Pal believes that Bitcoin (BTC) will rally in the coming months on the back of a weakening US dollar.
Pal tells his 1.1 million followers on the social media platform X that he thinks policymakers will methodically debase the US dollar to manage debt payments.
According to Pal, the dollar debasement will trigger a surge in global money supply and benefit risk assets like Bitcoin and crypto.
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“Everyone needs and wants a weaker dollar to service their dollar debts. No one wants it to move too fast (it blows up value at risk), but they need it lower over the next 12 months. This is the purest form of global liquidity and is the largest driver of global M2 currently.
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