Raoul Pal: Bitcoin, not gold, best hedges against fiat debasement
- —Pal estimates annual fiat debasement at about 8%
- —Gold and real estate merely match the debasement rate rather than beat it
- —Nasdaq returned about 19% annually over 15 years, crypto 45–110%
- —BTC trades near $75,900, down 2% in 24 hours
Why it matters: The argument reinforces the 'debasement trade' narrative linking Bitcoin's performance to gold and could influence institutional capital inflows.
Source: BeInCrypto