It’s been just revealed that the former exec of Goldman Sachs, Raoul Pal has something to say about an undervalued and underestimated crypto sector. Check out the latest reports below.
Raoul Pal addresses important crypto sector
It’s been just revealed that the former Goldman Sachs executive Raoul Pal said that the potential of one crypto sector is being massively underestimated by everyone.
In a lengthy Twitter thread, Pal said that non-fungible tokens (NFTs) could reshape almost every aspect of societal infrastructure.
He made sure to point out the fact that currently, most people think NFTs predominantly pertain to cultural purposes, such as art, community or brands. However, Pal says this is only the tip of the iceberg.
“While the tokenisation of culture is almost infinite and has only just started, most people miss the even bigger picture…”
He continued and said this:
“ALL contracts will get tokenized as NFTs as they more efficient, cheaper, faster and more secure.”
He also said: ALL: ID, tickets, reservations (hotels, airlines, trains, restaurants etc), all insurance contracts, internet permissions, hotel keys, car documents, real estate, certifications…advertising, supply chain contracts, inventory management, business deals, driving licenses, medical records, employment history, references, etc etc… but it gets even bigger…”
Check out the original article posted by the Daily Hodl in order to learn what more he had to say.
Bitcoin awaits bulls
It’s been revealed that a popular crypto strategist said that one chart could foreshadow bullish continuations for Bitcoin (BTC) and the rest of the crypto markets.
Analyst Justin Bennett said not too long ago, that the Tether dominance chart (USDT.D) is on the verge of violating the diagonal support that has kept the metric in an uptrend since November 2021.
Traders often keep an eye on the USDT.D chart. It’s important to note this because it shows how much of the crypto market cap is comprised of stablecoin Tether (USDT).