Business
Investor on why bitcoin is ‘literally the biggest story I’ve seen,’ may hit $1M and top gold’s market cap – Yahoo Finance Australia
The former macro investor is making his biggest bet in his career.
Influential investor Raoul Pal says the best trade he’s ever found is bitcoin (BTC-USD), which he’s described as “a call option on the future” and “the world’s most pristine reserve asset.”
In a recent interview on Yahoo Finance, Pal said that the central banks move toward digital currencies is “literally the biggest story” in his career.
Investors like Pal dont want to compete against central banks, but aim to create a digital world,” Pal said, underscoring that despite big reservations, policymakers…
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