Former Goldman Sachs executive and CEO of Real Vision Raoul PalIn a recent interview with cryptocurrency analyst Scott Melker, the ongoing bear market and To Bitcoin (BTC) and Ethereum (ETH) He shared his thoughts on it.
Raoul Pal, who suffered sharp declines due to the bear market cryptocurrenciesHe said that despite all the negativities experienced, he will get rid of it as in the past.
Stating that institutional investors are still interested in crypto, Pal stated that he will focus on crypto investments if the regulation comes.
“We are in the boom phase. I’ve been in the financial markets for over 30 years. Mt. I saw Gox, Bitfinex. And now the FTX scandal.
In each bloody cycle this time ‘Oh my God, it’s the end of the world.’ I saw you try. Every time it was said that the world was coming to an end, but what happened? It turned out that it was not the end of the world.
It’s never the end of the world. People say, ‘No one is going back to this market’. But they always came back.
Now I’m waiting for investors to return, but regulation is essential. Crypto regulations will create a safer environment for both institutional and individual investors, which could trigger the flow of capital to the markets.”
“2023 Will Be a Great Year for Bitcoin and Ethereum!”
The famous CEO, who also announced the price predictions for Bitcoin and Ethereum, said that the two biggest cryptocurrencies of 2024 BTC and ETH He thinks it will be a great year for him.
Stating that the current state of the crypto market reflects the bottom in 2028, Pal said, “Market conditions indicate that significant gains should occur in cryptocurrencies in the next 18 to 24 months.” said.
BTC and ETHBelieving that there will be a shine in . (Metcalfe’s Law states that the value of a network is directly related to the number of users it has.)
“I think we’re in the long-term adoption cycle where Metcalfe’s Law comes into play, and that’s going to be what makes the gains.
Every time we get to this state, we reach new heights in about 18 months, at most two years.
So I expect 2023 to be a pretty good year for Bitcoin and Ethereum, and 2024 to be an extremely good year.”
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!