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Bitcoin And Crypto Prices To Explode – Here’s When According To Raoul Pal

It’s been revealed that the prices of digital assets are going much higher. Here’s when this is going to happen, according to macro analyst Raoul Pal.

BTC and crypto prices to go higher

It’s been reported that the former Goldman Sachs executive Raoul Pal said that the macro backdrop is starting to look attractive for Bitcoin (BTC) and crypto.

In a new ask-me-anything (AMA) session on Real Vision, Pal made sure to highlight, among others, that investor sentiment is currently at extreme fear. It’s been revealed that this could be the catalyst for risk assets to pull off an unexpected surge.

“The pain trade I think is to sucker everybody in thinking there’s a great glory collapse to come, the ‘I told you so’ moment, and earnings are going to get revised lower. All I do know is people are record negative sentiment. They’re more negative than I’ve ever seen ever in any history… They’re super negative. People are super hedged. Put volumes have been incredibly high.”

He continued and said the following:

“So I think the path of pain is to go lower, suck more into short, and then rip higher. It would rip higher because bond yields start to fall as they start finally recoupling for the business cycle. Bond yields have massively decoupled from the ISM (Institute for Supply Management) survey. That’s a relationship that’s gone back 50-60 years.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $19,095.

The other day, we revealed that Bitcoin is currently under pressure as the markets await the inflation report. Here’s a relevant tweet that we shared during the past week.

Stay tuned for more news from the crypto space.

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