Former Goldman Sachs executive Raoul Pal says there’s a use-case for crypto worth about $1 quadrillion that will eventually flow into the space.
In a new interview on Crypto Banter, the macro guru says that BlackRock’s recent push for a spot Bitcoin exchange-traded fund (ETF) has potentially paved the way for massive amounts of money to move onto blockchains and crypto platforms.
“I think it’s very important what BlackRock have done. Not for the ETF, not for the flows, but for the message it sends to the entire financial industry.
Again, I know a lot of these people, BlackRock have been involved in crypto for a while now. Don’t forget, he (Larry Fink) talked about it in the last cycle. Apollo, massive.