Exponential Devaluation of Currency: "You don't have enough cryptocurrencies or NFTs"
According to Raoul Pal, art NFTs and cryptocurrencies can help investors protect their purchasing power against the ongoing degradation of fiat currency.
Cryptocurrencies and non-fungible tokens (NFTs) can help investors safeguard their eroded purchasing power during an era of exponential currency devastation, according to analysts and industry leaders.
Investing in digital assets is increasingly important in the "world of the exponential age and currency weakening," according to Raoul Pal, founder and CEO of Global Macro Investor.
"You do not own enough cryptocurrencies. When you do, you do not own enough NFTs, as art is the upward current of wealth. Both will never be this cheap again," Pal states.
NFTs are "the best long-term store of wealth that I know of, and you can buy them before network effects take place," he added in another response.