Raoul Pal under fire for calling NFTs the ‘best long-term store of wealth’

Raoul Pal, CEO of Real Vision and a prominent voice in macro investing, has once again stirred debate in the digital asset space, this time by declaring NFTs the “single best long-term store of wealth.”

The comment, made in social media comment screenshotted by the community, followed his broader thesis that currency debasement and exponential technology trends are driving a historic shift in asset ownership.

Pal wrote:

“You don’t own enough cryptoWhen you do, you don’t own enough NFTs, as art is upstream of wealth. Both will never be this cheap again.”

The statement was met with a mix of support, skepticism, and outright ridicule, highlighting a sharp divide in sentiment as the NFT market continues to recalibrate after its speculative peak.

Influencer Lark Davis echoed Pal’s view, admitting he held few NFTs and intended to change that this cycle. Pal responded with a suggestion to “just buy a Punk as a starter,” referring to CryptoPunks, one of the oldest and most recognizable Ethereum-based NFT collections.

Opinion divided

Supporters of Pal argued that he has often been ahead of the curve, pointing to past calls on macro trends like institutional Bitcoin adoption and the rise of Web3. To them, NFTs, particularly those tied to cultural provenance, represent digital property in its earliest, most undervalued form.

However, most of the community was quick to oppose the notion, highlighting the fact that the NFT sector remains significantly below the peaks seen in 2021. Some were more critical and argued that NFTs were “overhyped” and are “drowning in a liquidity desert.”

Investor and analyst Fred Krueger quoted Pal’s NFT statement with disbelief, writing:

“I kid you not.”

Gary Cardone echoed the sentiment, while other critics questioned the timing and substance of the call.

The clash over Pal’s comment reflects the growing sentiment in the industry that NFTs are speculative instruments whose long-term value remains unproven, despite the sector continuing to garner some support amid waning interest.

The post Raoul Pal under fire for calling NFTs the ‘best long-term store of wealth’ appeared first on CryptoSlate.