Former Goldman Sachs Exec Raoul Pal Says Crypto Bull Run Is Coming: 'Leverage Is Cleared Out And Then The Real Run Starts'
Portfolio Pulse from Bibhu Pattnaik
Former Goldman Sachs executive Raoul Pal predicts a crypto bull run, citing the introduction of spot market Bitcoin ETFs and a cleared out leverage as key factors. He anticipates volatility with potential 30%-35% pullbacks due to high demand and front-running of the ETF launch. Pal suggests the real run to all-time highs will start after a month or two of market chop.
January 14, 2024 | 6:06 pm
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POSITIVE IMPACT
Raoul Pal's bullish outlook on cryptocurrencies, especially Bitcoin, could lead to increased investor confidence and a potential rise in Bitcoin's price in the short term.
Raoul Pal's comments are directly related to Bitcoin's market dynamics. His prediction of a bull run following a period of volatility and market corrections could lead to increased buying activity as investors anticipate the run to all-time highs. However, the market is unpredictable, and external factors could influence the actual outcome.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100