Raoul Pal: Bitcoin bukanlah gelembung selama pandemi COVID-19

Raoul Pal, former head of Goldman Sachs, believes Bitcoin is a life raft for the average investor

He is outraged by the idea that the world is on the cusp of asset bubbles that have emerged in response to COVID-19. On the contrary, assets such as Bitcoin make it possible to close the gap between wages and purchasing power. They make people's lives better.

In simple terms, the average U.S. resident has long been unable to buy  honestly earned money all that it could freely buy 40-50 years ago. This is because wages have fallen into a period of stagnation. For half a century it has lagged behind in growth and development from other assets.

Bitcoin allows you to remove this gap. It helps to compensate for the difference in salary and purchasing power. This is the only way for young people to get rid of economic struggle and depression. Bitcoin will help fix a broken economy.

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