Cryptocurrencies

Microsoft and Apple to buy Bitcoin (BTC) within 5 years – Cryptocurrencies

Analysts are unanimous on the fact that the world is going through a crisis at the end of which fiat currencies will emerge weakened. At the same time, cryptocurrencies, led by Bitcoin (BTC), are the basis of a silent revolution that is gaining ground over the years. To protect their assets, some individuals and businesses are already starting to invest in digital assets. If the practice is only just beginning, it could become widespread in the near future with the entry into play of large companies with international reach. Co-founder and CEO of Real Vision Group, Raoul Pal believes bitcoin will be Microsoft and Apple’s liferaft.

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An almost inevitable investment for the survival of companies

Before his prediction, the former hedge fund manager of Goldman Sachs first compared the Covid-19 recession to the 2008 financial crisis. He then explained that the US economy could collapse due to the risk of insolvency hanging over its head. Faced with the long-awaited growth that is slow to materialize, Mr. Pal believes governments will defer to central banks. They would thus have no other choice than that ofprint more banknotes at the risk of devaluing the currencies.

In such a context, large global companies will have to quickly find a golden parachute. Mr. Pal said he would be surprised if companies like Apple and Microsoft were not pumping cash into Bitcoin within five years to protect their capital against the devaluation of the dollar. He thus takes for example the case of Square and MicroStrategy who recently made such an investment. ” I think Bitcoin is a cockroach that can’t be killed. I think this is too powerful a thing for even governments to overcome. And I think it’s our liferaft and our escape He declared.

The imminent takeover of bitcoin

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Mr. Pal He then embarked on a lengthy plea in favor of bitcoin, the success of which he said inspired the central banks’ CBDC project. ” No reserve asset is as efficient as Bitcoin. Literally nothing. Not even gold. It’s truly amazing, and it’s so innovative that we have no idea where it’s going. And when we talk about Bitcoin, we can also look at other parts of the digital asset ecosystem. It won’t go away. The genie is out of the bottle. Ethereum is not disappearing. Digital assets, symbolization – it all happens, and all of this will fit into these new digital currencies brought in by central banks. And that’s good, I think, if you have bitcoin »He concludes.

The feeling that bitcoin is a reliable safe haven would grow even further to the point of reaching larger companies, as the CEO of Real Vision Group suggests. The infatuation of central banks with CBDC projects sounds in this sense as a desire not to submit to the law of cryptocurrency.

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