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According to Real Vision CEO Raoul Pal, cryptocurrency is a globally homogeneous asset. Unlike gold, which can have up to a 50% price difference between regions, cryptocurrency can be traded seamlessly on mobile phones in India, the Philippines, Fiji, New York, Vancouver, and the Cayman Islands.
Pal believes that this is an opportunity that we must not miss. He describes this as the "greatest macro gift of all time and it’s capable of transforming people's financial futures. This is the chance to escape debasement and inflation.
Supporting this is an article from CoinDesk. The article is about how cryptocurrency is outperforming the internet.
The cryptocurrency industry is entering a massive growth phase, with Architect Partners reporting that it added over 750 billion dollars in value in the first half of the year.
This growth is fueled by a surge in crypto token values, successful launches of spot bitcoin exchange-traded funds in the US attracting over 15 billion dollars, and the appreciation of publicly listed crypto companies adding another 11 billion dollars.
After the first quarter, the second quarter saw record-high transaction values, with 2.7 billion dollars in announced deals, surpassing the combined value of the previous eight quarters.
About Raoul Pal:
Raoul Pal is the co-founder and CEO of Real Vision, the world's preeminent financial media platform, which helps members understand the complex world of finance, business, and the global economy.
#Bitcoin #Crypto #Investing
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