Former Goldman Sachs executive and macro expert Raoul Pal believes one crypto asset sector will perform extremely well over the next decade. Pal tells his 1.1 million followers on the social media platform X that the non-fungible token (NFT) sector may flourish due to fiat currency debasement and the growing popularity of digital assets among younger generations. “My highest conviction ‘set it and forget it’ investment for the next 10 years is crypto art. For me, it’s the most compelling, enjoyable and interesting area in all crypto. Massive crypto wealth creation, along with monetary debasement, will drive incredible demand for scarce desirable assets (digital real estate or, well, digital art). Younger generations are more attracted to digital assets than most physical assets. If, as [MicroStrategy founder Michael] Saylor says, BTC is Manhattan real estate, then the best crypto art, or NFTs, are the scarcest, most desirable block space of all.” He also says that NFTs are a more cost-effective and efficient way to possess assets than physical things. “Also as people go up the crypto wealth-curve, you soon realize that physical property is expensive to hold as an investment and is better as a lifestyle asset. Art fills that gap and crypto art is ultra-cheap to custody for extended periods. Like property, it can be used as collateral too, if you so desire it.” According to Pal, NFTs are already being used more as long-term investments. “The days of flipping art NFTs are largely over. The game now is to buy and hold the best artists (new or older) and demand will only grow over time while supply gets taken off the market for decades. There is realistically very little supply of established art currently and it will keep shrinking.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Macro Guru Raoul Pal Says This Crypto Asset Sector Is His ‘Highest-Conviction’ Investment for the Next Decade appeared first on The Daily Hodl .
