Macro guru Raoul Pal says the crypto market is nearing its bottom amid a downturn that’s seen Bitcoin (BTC) fall below $30,000.
As the prices of crypto assets continue to plummet, the former Goldman Sachs executive tells his 938,900 Twitter followers why he thinks the market could be on the verge of recovery.
“Crypto is in full panic mode. All the monkeys are flinging poo at each other (or at me!) on Twitter and that is a sign of approaching the lows. March 2020 was very similar in levels of fear, anger, vitriol, shock and panic. June 2021 was less.”
Pal says that despite the fear, uncertainty and doubt (FUD) regarding crypto investment, volatility is also the reason why the market has the potential for