Former macro hedge fund manager Raoul Pal says the last quarter of the year will be “extraordinary” for cryptocurrencies. Prior to founding GMI, a macroeconomic and investment strategy research service in 2005, Raoul Pal was co-director of the GLG Global Macro Fund for global wealth management firm GLG Partners (now called “Man GLG”) in London. Raoul Pal previously worked at Goldman Sachs where he co-managed the European hedge fund sales business in Equities and Equity Derivatives. In addition, Raoul Pal is the CEO of Real Vision, the finance and business video channel, which he co-founded in 2014. cryptocoin.com We’ve compiled a recent interview with the macroeconomics guru on the cryptocurrency market.
“The cryptocurrency bus is not a bus, it is a rocket ship”
Speaking in a recent Real Vision Finance interview, Raoul Pal explained that the last months of the year have been historically bullish for cryptoassets.
The famous economist says investors should look for signs of a market change to “catching the right bus” and avoid being left behind. Raoul Pal uses the following expressions in the interview:
I bet the cryptocurrency bus is a rocket ship, not a bus. And this last quarter is going to be extraordinary.
Raoul Pal: Perfect setup last month
Raoul Pal goes on to say that the changes in the macroeconomic landscape in the coming months will act as a catalyst for both digital assets and tech-based stocks. The economist further states that any positive or negative change in the macro narrative will create opportunity for digital assets, such as a slowdown in growth:
I think this is in the area of weaker bond yields, possibly weaker markets for a while, then more stimulus and fueling growth stocks. This whole exponential era thesis is changing what people focus on in the markets.
The famous economist predicts that a change in the macro landscape will lead to more interest in technology rather than commodities, and says the entire year is usually between September and December. The macroeconomics guru said last month that the market is “perfectly set up” to continue its bull run, noting that it has been bullish on cryptoassets by the end of the year.
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