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Raoul Pal, a former Goldman Sachs executive and well-known macro expert, has declared the non-fungible token (NFT) sector as his top investment choice for the next ten years. Speaking to his over 1.1 million followers on X, Pal highlighted the potential of NFTs, driven by fiat currency debasement and the increasing appeal of digital assets among the younger demographics. He emphasized the unique attraction of crypto art, predicting a surge in demand for digital real estate and art due to the massive creation of crypto wealth.
Pal further argued that NFTs offer a more cost-effective and efficient way of holding assets compared to traditional physical investments. He described the changing landscape where physical property becomes more of a lifestyle choice rather than an investment, while digital art remains inexpensive to maintain and can also serve as collateral. This shift underscores a growing preference for digital over physical assets, particularly among younger investors.
According to Pal, the strategy for NFTs has shifted from quick trades to long-term holdings. He advised investing in top artists, both new and established, citing a future where demand continues to rise while the supply of established art dwindles. This trend, he believes, will solidify NFTs as a vital component of investment portfolios, mirroring the scarcity and desirability seen in physical art markets.
