It’s been revealed that the macro guru Raoul Pal says that crypto will boom really soon. Check out the latest reports about this below.
Crypto markets to boom soon
In his latest newsletter, Real Vision CEO Raoul Pal anticipates that cryptocurrencies will emerge as the top-performing asset class due to the sustained increase in global liquidity.
Pal, a macro guru and former executive of Goldman Sachs, suggests that cryptocurrencies may surpass the performance of Exponential Age stocks and tech company equities.
“Since last October, we have been suggesting that the two fastest horses in this race (the debasement and liquidity cycle) will be crypto first, followed by Exponential Age stocks and then tech. It is playing out perfectly.”
Pal is also paying attention to the US Investor Intelligence Sentiment Survey, a metric that shows the percentage of investors who are bullish on risk-on assets.
“Looking at another long-term chart, sentiment metrics also remain extremely depressed – the strategic buy signal for equities on this indicator came back in January. So far, so good.”
As per the expert in macroeconomics, there is a possibility of a correction in the stock market following the substantial rally that began in 2023.
However, the expert foresees a rise in market liquidity, which has previously led to a surge in the crypto market.
“Short-term, the NDX (Nasdaq) has entered overbought territory versus global liquidity conditions and is likely overdue for a correction some point soon after the monstrous 40% rally off the lows … but the CRUCIAL point to understand is that liquidity will continue to rise.”
In other recent news, Belgium’s Financial Services and Markets Authority ordered Binance to cease all offers of virtual currency services in the country — immediately.
“The FSMA has noted that Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area,” the regulator said in a statement on Friday.
