Ex-Goldman Sachs Executive to the Portfolio on Bitcoin and is warning

Raoul Pal, a former head of European hedge-Fund sales at Goldman Sachs, is preparing to the fact that the global financial system will experience a massive Crash.

In a recent Podcast with host, Howard Lindzon, the system predicts strategist and founder of Global Macro Investor and Real Vision of the Group, a short-term dip in the share to 20% before it goes three or four months is on the up again. In the long term, Pal is expected, however, that many companies will go down the drain, since the novel Coronavirus with several sectors of the economy to a standstill.

I think the probability is high that this is a much longer event, which relates to the economic impact… And I think it will be the biggest insolvency event in history.

Pal believes that the coming crisis will be so bad that you will change the Psyche of the next Generation permanently.

This is a change of generation… What it does, is that the younger Generation will always look different. You will look with a certain distrust in the pension system will fail. You are looking on the securities markets in a way that will make you think, “this is just not for me.” You have to be to risk and savings have different opinions than previous generations.

To illustrate how the attitude of a whole Generation to the financial system can change, said Pal, you should look at the Millennials.

The Millennials have already been in the years 2000 and 2008 damaged. You don’t trust the financial system… they are what was in front of you, refuse and you will accept things that are new and different.

To protect itself from the aftershocks of the Coronavirus pandemic, tells Pal that he has shifted a significant portion of its assets in Bitcoin.

Of the cash and cash equivalents net cash that is available to me… my allocation, I would like to in the next 12 months probably, maybe even longer, to be involved, consists of 25% Bitcoin, 25% Gold, 25% cash and 25% of trading opportunities.

Morgan Creek co-founder predicts Bitcoin all-time high in September

But it is not only Pal, but also the co-founder of Morgan Creek, Jason Williams, is extremely optimistic for Bitcoin (BTC). He expects the world’s leading crypto currency in the year 2020, a spectacular Performance, despite the economic turbulence that has almost shaken all the branches, as the Covid-19 pandemic continues to spread. The managing Director of the Digital Asset Management company says, the leading crypto-currency will exceed its opinion in September its all-time high of $ 20,000.

The world is trading #bitcoin 24 hours a day. 7 days a week.

New ATH coming in Sept of this year IMO. pic.twitter.com/X2mygZMVkV

— JWilliamsFstmed (@JWilliamsFstmed) April 2, 2020

Despite the General optimism, Williams says that he is in the short term, is actually bearish and do not believe that Bitcoin will recover before the Halving, which will take place in may. If the amount is halved to Bitcoin, earn the Miner for the supply of the network, says Williams, many might be forced to sell their BTC holdings to leave the lights on, which creates an opportunity for investors.

Most people think that [BTC] will fall before and during Halvings. I’m just scratching on the head. I think it could go even lower, because the miners to capitulate and the selling pressure… I’m on it. And come in with fresh capital opportunistically. That doesn’t work for everyone, but this is my personal strategy.

Although Williams believes that Bitcoin is going to take this year’s $ 20,000 out of the market, not parts of option traders its ultra-bullish forecast. The data analysis company Skew indicates that the option market Bitcoin there is a Chance of 3%, up to 20. September to climb to a new all-time high.