“You Don’t Own Enough Crypto or NFTs” as Fiat Value Erodes – Raoul Pal

In recent crypto news, Raoul Pal, founder of Global Macro Investor, warned that fiat savings are losing value rapidly. He argued that holding more crypto—especially as current crypto prices remain attractive—and NFTs can help protect wealth against inflation.

Inflation remains elevated worldwide, eroding the purchasing power of fiat money. In this context of “exponential currency debasement,” analysts say investors are searching for stores of value as crypto prices soar.

Pal’s view echoes a broader market narrative. In his social-media post, Pal declared, “You don’t own enough crypto. When you do, you don’t own enough NFTs…Both will never be this cheap again”.

He has even called NFTs “the single best long term store of wealth” he knows of, if purchased before wider adoption. His comments highlight a bet that crypto assets may hedge against inflation-driven losses in cash.

Crypto News: Crypto Ownership Growing

Data show cryptocurrency adoption is rising globally. According to industry analyst Triple A, roughly 6.8% of the world’s population owned crypto in 2024 – about 560 million people worldwide.

That represents a 34% increase from 2023 figures. Adoption rates are especially high in some regions: for example, Triple A reports the UAE at 25% and Saudi Arabia 15% ownership.

Even in the United States, an estimated 15–28% of adults own crypto. These figures indicate that a growing share of people hold digital assets, even while the majority of the global population has yet to adopt them.

Still, ownership is concentrated: higher-income individuals and tech-savvy communities lead adoption. For most mainstream investors, crypto remains a speculative asset rather than an everyday currency.

NFTs Market Trends

The NFT market has seen wild swings. In March 2021, digital artist Beeple sold his NFT collage “Everydays: The First 5000 Days” at Christie’s for a record $69 million, epitomizing the 2021 NFT boom. But since that peak, prices and trading volumes have plunged.

Blue-chip NFT collections like CryptoPunks and Bored Ape Yacht Club illustrate the trend. CryptoPunks are currently trading at about 46.98 ETH floor ($125,000) – roughly one-third of their 2021 peak floor of 125 ETH ($478,000).

Similarly, BAYC apes trade around 12.79 ETH ($34,000), far below their all-time-high floor of 153.7 ETH ($420,430) in May 2022. In other words, these premier NFT assets cost a fraction of their prior highs.

Despite these crypto news headline figures, many analysts caution that NFT adoption has limitations. In crypto news headlines, beyond headline art sales, the vast majority of NFTs have struggled to prove lasting utility.

Now, community and cultural factors are as important as price: collectors are drawn by exclusive access (to events, metaverse projects, etc.) and the social status of owning certain art or profiles.

Long-term infrastructure also matters. Industry experts argue that on-chain scaling and security must improve for broader NFT uptake. Regulatory clarity and user-friendly platforms are other hurdles cited by analysts.

Raoul Pal’s Warning Highlights a Macro-Trend

With fiat currencies losing value, some investors see cryptocurrencies and NFTs as alternate asset classes. Crypto news shows crypto adoption growing, but still limited overall, and that NFT markets have cooled significantly since their 2021 peak.

Robert Kiyosaki, author of Rich Dad Poor Dad, echoed similar warnings in a May 21 report by The Coin Republic. He argued that a recent U.S. Treasury bond auction failed to attract buyers, forcing the Fed to inject $50 billion of “fake money,” a sign of looming hyperinflation.

Kiyosaki declared “The End is Here,” predicting that many people—young and old—would suffer severe financial losses. He reiterated his view that, in the next crash, gold and Bitcoin will protect wealth, forecasting gold at $25,000 and Bitcoin between $500,000 and $1 million.

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