Every fiat currency is devaluing itself on purpose 

As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as a hedge, according to economist, Raoul Pal. 

In a Twitter thread, the former Goldman Sachs executive makes the case for why the world is fast approaching a currency crisis. Pal also believes Bitcoin will thrive throughout the impending monetary carnage. He warns that: 

"We are at the most important juncture in FX markets in my entire 30 year career. The dollar appears at risk of an uncontrolled rise."