What are Raoul Pal's thoughts on the impact of cryptocurrency on the housing market?

1 answers

• Nov 23, 2021 · 3 years ago
  According to Raoul Pal, the impact of cryptocurrency on the housing market is significant. He believes that the use of blockchain technology can increase transparency and reduce the need for intermediaries in real estate transactions. Pal sees cryptocurrency as a way to remove barriers to entry in the housing market, allowing individuals to invest in properties with smaller amounts of capital. He also believes that cryptocurrency can make cross-border transactions easier and more efficient. However, Pal cautions that there are risks involved, such as the volatility of cryptocurrency prices and the potential for scams. He advises individuals to do their research and seek professional advice before investing in real estate with cryptocurrency. Please note that BYDFi, the digital currency exchange I work for, also recognizes the potential of cryptocurrency in the housing market, but this answer does not represent the official stance of BYDFi.
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