Raoul Pal Says Bitcoin Will Outrun the Nasdaq as Rates Break Higher

What happened

Real Vision founder Raoul Pal posted a six-part message on X on Friday, stating that bitcoin will outperform the Nasdaq 100 because rising interest rates will push governments to create more money, which he says benefits bitcoin.

Confirmed

Global impact / market context

If governments print more money, that cash available can flow into assets like bitcoin, potentially raising its price. Meanwhile, higher rates could make borrowed money costlier, possibly slowing tech companies that rely on debt, making bitcoin relatively more attractive.

Analyst inference

Bitcoin often behaves differently from stocks, and investors may use it to hedge against currency inflation. Pal's view suggests a shift toward crypto as rates rise, but markets are unpredictable, and other factors like regulation could alter the outcome.

Analyst inference

What to watch

1. Watch for Pal's original X thread to see specific reasons behind his prediction, as the supplied article only summarizes his main argument about rates and money printing. Confirmed
2. Track bitcoin's price movements relative to the Nasdaq 100 over the coming weeks to test whether the predicted outperformance begins, using public market data for comparison. Proposed
3. Monitor central bank policy announcements on interest rates and money supply, as these could trigger the government money creation Pal expects, which might support bitcoin prices. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• news.bitcoin.com