Macro Guru Raoul Pal Says ‘The Low Is In’ for Crypto Markets, Upside Catalysts To Spark New Rallies


Marco guru and Real Vision CEO Raoul Pal says that the crypto markets have already seen their lows and that looming catalysts could spark the next industry-wide rally.

In a new interview with Layah Heilpurn, Pal says that many different developments have showered the crypto space with negative sentiment, yet markets have remained resilient.

Track live crypto price of 10000+ coins!


According to him, resilience may be a sign that the bottom is in.

“The balance of probabilities is that we made the low last year, we retested the low this year and I think the low is in…

I think we’ve thrown a war, 8.5% inflation, the Fed raising interest rates all at crypto, we’ve thrown the Chinese ban, we’ve thrown so much at it and didn’t make a new low. Usually, that’s usually a signal the market has found its bottom.”

Pal says that a period of economic stagnation could be the spark that triggers the next big bull run in crypto.

“Now we’re looking for what the upside catalysts [are]. The upside catalyst would be if economic growth starts slowing. We’re likely to then see long-duration assets, things that tend to outperform in low growth environments, and crypto tends to do very well in that kind of environment, much like Cathie Wood’s ARKK does, those kinds of longer term assets. So that’s what we’re looking for as the spark, a change in structure so people fear inflation less and start fearing growth more.”

According to Pal, the previous four-year cycle driven by Bitcoin’s halvings that best described the crypto market’s overall trends is now over.

Related:  Bitcoin, Ethereum, Elrond Price Analyses

“I think [4-year cycles are] over because the market is much larger than it was and Bitcoin is not as dominant so at the margin, the four-year cycle will have an impact but not as large an impact. For example, the ETH 2.0 thing is going to create a potential dynamic that’s different, so I think the cycles have changed and I think over time, these very volatile trends get less volatile and we saw that with Amazon in its early days… It’s the same with crypto now, there’s 300 million people using it now so what’s happening is the volatility dampens.”

I

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Urboshi/Nikelser Kate/Natalia Siiatovskaia




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: