Get Bitcoin Before The Financial World You Know Collapse - Raoul Pal

Get Bitcoin Before The Financial World You Know Collapse - Raoul Pal

If you speak to people coming into the space, perhaps those that are more risk-averse, they will say crypto is riskier than other assets. But that's really not the case. Most people don't understand the risk existing in pension funds, bonds, and other forms of investment.

In 2012, people in Cyprus lost all of their money in the banking system. So, a hundred percent loss is probable. And this has happened severally.

The debasement of money is another risk that people don't understand. Another is confiscation risks, which happen periodically, and it just happened in China and earlier in Russia. Also, an underfunded pension system is a risk. Besides, a retirement nest egg is going to be worth less in real terms. What about an underfunded Social Security or state benefit system? This could cause the government to be bankrupt. All these bog existential risks are not being rewarded.

Government bonds are another risky investment. There's a risk of something bad happening such as excessive inflation or government defaulting, which almost happened in Europe. At present, Greek government bonds are negative. But if the ECB hadn't intervened, the Greek government would have defaulted, and investors would have almost all their money.

Compare all this to Bitcoin, which looks less risky, despite being more volatile. But what a professional does is look at the risk/reward ratio. The risk is 75% and almost negligible now. On average, Bitcoin goes up by 113% a year. And over a three or five-year horizon, it tends to rise by 10 times. So, it's much less risky.

Chances are that Bitcoin is going to appreciate in price. So, it's a hedge. It's how people used gold in the past as well. But Bitcoin is the gold for the digital age. It's a powerful thing that may be perceived as risky for those who are looking at it with linear eyes.

Some people are scared of crypto because they have no control over it. The ECB understands that it's supporting the entire European Union by using its balance sheet and printing money to do so. The UK also knows that its banks are broken and don't operate properly. So, they reduce interest rates and print more money. The same applies to the Federal Reserve and the Bank of Japan. But they aren't going to tell you the truth because you have a lot of faith in fiat money.

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Welcome to "Savvy Finance 🤝
This channel is all about being savvy with your finance 💰.

We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA, and other altcoins. 🗠

We do a lot of research to bring you valuable and useful information, as well as sharing videos from many experts, including Michael Saylor, Raoul Pal, Charles Hoskinson, Max Keiser, Stacy Herbert, Cathie Wood, Lyn Alden and many others. 👨‍🏫.
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This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action.

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