Raoul Pal: Bitcoin To 1 Million | Global Markets Insolvent

Raoul Pal: Bitcoin To 1 Million | Global Markets Insolvent

By

Cambridge House International Inc.

In this video, Raoul Pal, Co-founder of Real Vision, discusses global market insolvency and bitcoin (BTC) at one million dollars.

He was asked to give advice on portfolio positioning including gold, bitcoin, cash, and stocks. Pal also shared his take on the market crash and what comes next.

Raoul believes there are 3 phases of a market crash:
Phase 1 – Liquidation panic – we saw this in March 2020
Phase 2 – Hope – mobility + rebound – current sentiment (Jun 2020)
Phase 3 – Debt Inflation – Less cash to service debts

Raoul Pal’s personal portfolio:
25% Gold
25% Bitcoin
25% Cash
25% for trading opportunities – Long Bonds, Long US Dollar, Long Gold Miners
___
Learn more: Another Prominent Investor Says Bitcoin Could Hit the USD 1m Mark

Source: cryptonews.com

You might also like