Here's why Bitcoin will boom in the "biggest overhaul" of finance

The development of Central Bank Digital Currencies has blossomed in the past few years, with countries like China in the advanced stages of its digital Yuan and Japan, Korea, and the US in their research phase for their respective fiat currencies.

This presents a concern for the inclusivity of decentralized cryptocurrencies like Bitcoin and Ethereum in the current financial system.

This is going to be the biggest overhaul of the global financial system since Bretton Woods.

"They allow central banks to circumvent the banking and fiscal system and give or take money directly. That completely changes monetary vs fiscal policy forever. Central banks will now be able to manage fiscal policy, outside of government balance sheets."

Pal further stated that "The key part here outside of a totally revolutionary way to collect taxes, give incentives and overhaul the entire system is an implicit agreement at IMF level that central banks can run unlimited balances sheets if they combine forces."

With all the above points in mind, Pal stated that Bitcoin and gold will serve as a solution to circumvent the system of ever-lower value.

"It also creates incentive systems for other nations to opt into a hard currency system to attract capital," he noted.

"Right now, the positive impact on Bitcoin and gold is extraordinary. Regulation globally is opening up to acceptance."

In the end, we have lived with gold as an opt-out for millennia and we will live with Bitcoin too.

The positive impact on Bitcoin and gold is extraordinary.