Former Goldman Sachs Executive Says Bitcoin and Crypto Bottom Already In, Predicts Big Shift in Macro Backdrop

Former Goldman Sachs Executive Says Bitcoin and Crypto Bottom Already In, Predicts Big Shift in Macro Backdrop


Former Goldman Sachs executive Raoul Pal thinks the bottom is in for Bitcoin (BTC), Ethereum (ETH) and the overall crypto markets.

The Real Vision chief executive says in a new YouTube video that traders and investors should look 12 to 18 months ahead as asset markets tend to price the future.

“Right now, we can hear people all on Twitter say, ‘We’re going into a recession. It’s clear there’s going to be another leg down in equities because they need to price in the recession.’ That’s assuming that everything operates in real-time. But it doesn’t.

Trending: Mortgage Rates Near An Astonishing 7%

So when I look at the year-on-year rates of change of let’s say the NASDAQ and compare it to the ISM Index, which is my guide to the business

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend