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.
Says Pal,
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“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.
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