Bitcoin had an amazing past decade by every definition of the word. The price of the cryptocurrency surged by literal millions of percent since its birth in 2009, some of the worlds most important people Elon Musk included(!) gave a nod to the cryptocurrency, and the broader industry began a mainstream technological trend.

Bitcoins clear outperformance against all other assets in existence has left many wondering if the cryptocurrency can keep its macro uptrend intact for the coming decade.

According to Raoul Pal a former Goldman Sachs executive who now is the CEO of finance media company Real Vision BTC may do just that.

He argued that the cryptocurrency would be his choice if he could only own one asset for the next 10 years.

On Friday, the Wall Streeter turned markets researcher and media magnate explained why the asset he is most optimistic about for the 2020s is Bitcoin.

In a to-the-point Twitter comment, Pal said that he thinks Bitcoin is the perfect asset for him to hold for the next decade because it encapsulates all of larger macro views, referencing previous statements he made suggesting the world will turn to an alternative system of finance that will be digital. (Previously, the Real Vision executive said that Bitcoin is basically an option on the future of finance.)

He added that from a pure risk-reward analysis perspective, Bitcoin beats all.

Indeed, per previous reports from NewsBTC, Pal told prominent BTC podcaster Stephan Livera that all popular asset classes are extremely expensive (meaning overvalued), save for BTC.

Equities, he explained, are roughly at all-time highs, and are pushing extreme valuations for relatively little profit and potential.

Bonds arent much better, Pal opines, drawing attention to the virtually zero yields andnegative yields in some cases that debt deemed safe provides.

Even real estate isnt attractive, with the prominent investor calling this asset class unaffordable, adding that it makes even less sense to purchase homes because theyre trading near all-time highs.

Hence, Bitcoin.

Others agree that the following decade for Bitcoin will be formative. More formative than the last.

Deutsche Bank in a report published in December said that it thinks that crypto assets have the potential to take over fiat currencies as a whole:

The forces that have held the currentfiatsystem together now look fragile and they could unravel in the 2020s. If so, that will start to lead to a backlash againstfiatmoney and demand for alternative currencies, such as gold or crypto could soar.

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Bitcoin to Be One of the 2020s Top Investments: Ex-Goldman Sachs Exec Says Why - newsBTC