Bitcoin Is About To Hit Hyperspace, Raoul Pal Says

After a strong correction in prices that took place during the past week, Bitcoin seems to be recovering quickly.

Crypto enthusiasts freaked out when they saw BTC dropping below $50k, and the weak hands sold their satoshis.

Strong hands are holding and buying the dip

On the other hand, others saw the opportunity to buy the dip, and that’s exactly what they did.

Check out some posts made by Raoul Pal.

He also addressed Ethereum and said this:

Also, check out what he had to say about corrections in the crypto market:

Someone commented: “1. Much new $ has been directed towards alts/doge 2. 3 major types of positive announcements-and none have happened recently- pub comp purchase, ETF, no new $ print signed off (stimulus, infrastructure) 3. Recent press has been neg-fud, bans, etc. We’re fine.”

Another commenter hopped in the comments and said: “One needs to remember the reason BTC was going up “cash is trash” so the narrative has not changed. The total value of Crypto is less than 1/10 total US debt (that likely be never paid back), so there is plenty of room for BTC to go higher.”

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $52,791.89. Stay tuned for more crypto-related news.

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An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.