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Raoul Pal Advocates for Increased Crypto and NFT Holdings Amid Fiat Erosion
Raoul Pal Advocates for Increased Crypto and NFT Holdings Amid Fiat Erosion
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Raoul Pal, founder of Global Macro Investor, has issued a stark warning about the rapid devaluation of fiat currencies. Inflation continues to erode purchasing power globally, prompting investors to seek alternative stores of value. Pal argues that cryptocurrencies and NFTs offer a hedge against this "exponential currency debasement."
"You don’t own enough crypto. When you do, you don’t own enough NFTs," Pal declared in a social media post. He emphasized that current price levels present a rare buying opportunity, stating both asset classes "will never be this cheap again." NFTs in particular receive high praise from Pal, who calls them "the single best long term store of wealth" when acquired before mass adoption.
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