Raoul Pal Doubles Down on Bitcoin Thanks to "Easy Gains"

Trader Raoul Pal shows even more support for Bitcoin (BTC).

The trader highlighted a chart that showed an impressive 110% annual return for Bitcoin by “doing nothing.”

It can't be this easy, right?…right? Part 1 – Bitcoin +110% annual returns from doing nothing. pic.twitter.com/DuGphXOtrf

— Raoul Pal (@RaoulGMI) February 4, 2024

Bitcoin’s Resilience: Raoul Pal Defends and Predicts Exponential Growth

The analyst didn’t stop there. He also compared Bitcoin’s performance to that of the Nasdaq and found that a passive method similar to Bitcoin’s would yield an annual return of about 21%. At first, Pal admitted that getting such high returns would be hard. Still, he points out how smooth Bitcoin’s rapid rise was compared to the GMI Total Global Liquidity Index. For those unaware, that index shows how fiat currencies are still losing value worldwide.

Maybe it really is this easy? BTC vs GMI Total Global Liquidity Index (global fiat debasement)… pic.twitter.com/xlLA47ZXUk

— Raoul Pal (@RaoulGMI) February 4, 2024

Pal directly responded to Bitcoin opponents who consistently said that the cryptocurrency would fail, denying that betting on it would “end in tears.” He said that this story has been told for almost ten years and that critics often say “correlation doesn’t equal causation.” 

However, Pal is sure that Bitcoin will continue to break the rules and grow exponentially while traditional assets deal with financial restrictions.

As time passes, the value of major currencies keeps falling, making Bitcoin look more appealing. People who don’t believe cryptocurrencies will be around in the long run should look at Pal’s comparison.

Pal isn’t the only one who thinks Bitcoin will increase in value. Many experts have said that cryptocurrency could do better than traditional investments. Bitcoin used to have an uncertain relationship with the Nasdaq 100, but it has started to separate itself in recent months. Internal factors, like the rise of spot Bitcoin Exchange Traded Fund (ETF) goods, have greatly impacted Bitcoin’s path.

Some well-known people, like Samson Mow, think that Bitcoin’s price will be higher than $1 million one day. Others, like Cathie Wood of Ark Invest and Anthony Scaramucci of SkyBridge Capital, are sure that the cryptocurrency will continue to grow.

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