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Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth

Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold. A founder and CEO at Global Macro Investor (GMI) Pal made the remarks in a Twitter post on August 6. In the thread, Pal dispels the notion that only gold offsets the dilutive effects of inflation. “Many of us own gold to offset the dilutive effects on fiat currency of the growth in major central bank’s balance sheets. However, the…

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