Bitcoin Outpaces Gold as Debasement Hedge, Raoul Pal Says

Raoul Pal, co-founder of Real Vision, says that Bitcoin is the better long-term hedge against currency debasement compared to gold. According to Pal, the asset's earlier adoption stage gives it more room to grow than gold.

Pal made this comparison during a September interview on the Wolf Financial Show, where he outlined his broader framework for how debasement quietly erodes savings and wages.

Debasement, Pal explains, is the steady loss of a currency's purchasing power as central banks expand the money supply. He estimates that this process reduces the value of fiat currencies globally by roughly 8% annually, while wages typically track economic growth of around 3%.

This gap, Pal argues, is why homes and other scarce assets have grown harder to afford for average earners. Bitcoin recently traded near $75,900, down about 2% over the past day.