EddieJayonCrypto
23 May 25
Raoul Pal, CEO of Real Vision, sparked debate by calling NFTs the "single best long-term store of wealth," citing currency debasement and technology trends as drivers of asset ownership shifts. While some, including influencer Lark Davis, supported Pal's view and saw NFTs as undervalued digital prop...
Raoul Pal, CEO of Real Vision, ignited controversy by proclaiming NFTs as the “best long-term store of wealth,” sparking a heated debate within the crypto community.Pal's assertion stems from his belief that currency debasement and advancing technology trends are reshaping asset ownership paradigms. He argued that both crypto and NFTs are undervalued assets, stating: “You don’t own enough crypto. When you do, you don’t own enough NFTs, as art is upstream of wealth. Both will never be this cheap again.”This bold statement found support among some influencers like Lark Davis, who acknowledged he would increase his NFT holdings in the current cycle. Pal recommended starting with a CryptoPunk, referencing one of the earliest and most iconic Ethereum-based NFT collections.Supporters view Pal’s perspective as visionary, citing his accurate macro calls in the past such as institutional Bitcoin adoption and the Web3 revolution. To them, NFTs embody early-stage digital property with immense potential tied to cultural provenance.Conversely, critics quickly challenged his view, pointing to the NFT market’s significant decline since its 2021 frenzy. Many labeled NFTs as overhyped, illiquid speculative assets mired in a “liquidity desert.” Notable voices like Fred Krueger expressed disbelief, highlighting ongoing skepticism about NFTs' ability to maintain long-term value.This divide underscores the unsettled sentiment around NFTs: a sector still attracting interest but grappling with its speculative reputation and market recalibration.Will NFTs eventually prove to be a solid store of wealth, or remain a high-risk gamble? This question continues to fuel spirited discussions as digital assets evolve.