Raoul Pal, former Goldman Sachs executive and macro expert, believes a crypto asset sector will perform extremely well over the next decade.
Pal shares with his 1.1 million followers on the social media platform
“My biggest investment belief for the next 10 years is crypto art. For me, it is the most compelling, entertaining and interesting area in crypto. Massive crypto wealth creation, along with currency devaluation, will drive incredible demand for scarce, sought-after assets (digital real estate or, well, digital art).
Younger generations are more attracted to digital assets than most physical assets. If, as [MicroStrategy founder Michael] Saylor says: “BTC is Manhattan real estate, then the best crypto artworks or NFTs are the rarest and most sought-after block space of all.”
He also says that NFTs are a cheaper and more efficient way to own assets than physical things.
“Furthermore, as the crypto asset curve rises, one quickly realizes that physical property…
