Real Vision founder and former Goldman Sachs executive Raoul PalHe is of the opinion that the next bull market for cryptocurrencies may reach a major milestone with a billion or more users.
Pal, who attended a question-and-answer session, cryptocurrency It is of the opinion that the flow of liquidity towards risky assets such as the stock market is inevitable. According to Pal, the increase in capital will likely illuminate the nascent industry with new innovations attracting the next group of users.
“As liquidity returns to the markets, we will see the next uptrend of the cryptocurrency market. In this cycle, it will grow from 300 million users to one billion users and perhaps many more. And there will be applications you didn’t imagine, or things you thought would never come. Whether it’s digital identity, big cases of Web3, DeFi or something completely new. We will see a lot of innovations, only time will tell what can happen.”
In the next cycle, this will gain new momentum with the amount of capital invested in this space.
NEWS CONTINUES BELOW
Koinfinans.com As we reported, the Macro guru thinks that the Federal Reserve has probably already completed the rate hike to contain inflation. He also drew attention by sharing his prediction that the Fed will enter a recession in the near future that will force it to reverse its course and push the markets up by printing money.
“After the Fed’s pivot in 2018, that’s exactly what happened in 2019. The Fed will pause very soon, or has already paused. I think they paused, or they should definitely pause. We will see this acceleration continue until liquidity slows down at some point, and then we will experience pauses in the market. There may even be pullbacks if liquidity returns, which I don’t see much of. And then we’ll see an acceleration as we start to get into recession and the unemployment side of the equation, which will happen later when real money printing and interest rate cuts begin.”
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