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3 Conditions Could Boost Crypto Markets

The crypto market is struggling to recover following recent losses. Check out what are the factors that could boost the market these days.

Raoul Pal addresses factors that could boost the crypto market

Macro guru Raoul Pal has just addressed three conditions that could give the crypto markets a healthy boost after enduring months of rocky price action.

In a new interview on the Real Vision YouTube channel, the former Goldman Sachs executive made sure to highlight the fact that the Fed’s tight monetary policies are already priced into the crypto markets.

“The pain of tightening is already in the market, so the probability is that the other side of the recession where conditions loosen is the thing that eventually gets priced in… The crypto markets, and I showed that with M2 [money] chart, have priced in this full thing so it’s already there.”

As noted by the online publication the Daily Hodl, last month, the Federal Reserve raised interest rates by 75 basis points.

Pal says that the lowering of commodity prices, reduction in yields and the topping out of the US dollar could “absolutely” benefit risk-on assets including crypto.

“I think the low is close. Whether it’s in or not, I can’t tell, but I know from all of my economic work and I’ve probably got maybe 200 charts to back up all of the stuff I showed, that suggest the balance of probabilities are, that a lot of this has been priced, that the inflation problem is probably a thing of the past, and that economic growth is going to fall sharply.”

Bitcoin rally is imminent

Accoridng to the latest reports, the pseudonymous crypto strategist Credible said he expected Bitcoin to retrace from $22,000 to around $19,000 before igniting a massive rally to his target above $30,000.

“Was expecting a rejection from red and looking for a move down.”

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