Markets
Global Liquidity Cycle Set to Push Cryptocurrencies into Next Massive Bull Market, According to Macroguru Raoul Pal
Raoul Pal, a former Goldman Sachs executive, believes the global liquidity cycle will drive cryptocurrency prices higher.
In a new YouTube videoPal tells his 703,000 subscribers that there are macroeconomic sources of liquidity “everywhere” currently, including the U.S. Federal Reserve’s upcoming monetary policy choices.
The Real Vision CEO also notes that global liquidity increases during “macrocrypto summers.”
“Obviously [in] 2020 went south due to the pandemic. But 2016 and 2012 were good times for liquidity. And guess what? Cryptocurrencies and technology have all grown. Then you get into autumn – autumn is often when the real fireworks happen. Liquidity continues to pump and eventually reaches its maximum during the winter. That’s when you get the corrections, the cryptocurrency goes down. So we have the two best parts of the cycle ahead.
Pal says he is “virtually 100%” invested in Solana (SOL) right now, as well as some small memecoins and “other bits and pieces.”
“The Solana/Bitcoin cross chart [and] the Solana/ETH cross chart looks so compelling that I think, “If my job here is to make as much money as possible, I’ll just own the thing that I think will rise the most.” ”
Solana is trading at $160.33 at the time of writing and is up 13.5% in the last 24 hours.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and transactions are at your own risk and that any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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