Macro expert Raoul Pal said that in the latest crypto update, the markets are giving bullish signals in the future. The former Goldman Sachs executive has been keeping a close eye on smart contract projects like ADA and DOT lately.
Former Goldman Sachs executive shares which altcoin sectors are looking bullish
Famous macro investor Raoul Pal evaluated the latest developments in the cryptocurrency markets. Pal states that the markets are showing a positive outlook for the upcoming process. Therefore, it continues to keep bull expectations for the crypto market high.
Raoul Pal relies on major cryptocurrencies like Bitcoin and Ethereum for his long-term investments. He emphasizes that these coins are still the main focus. He also noted that leading smart contract platforms such as Solana, Cardano, and Polkadot also rely on it. The expert states that these projects have great potential.
Pal interprets the evolution of blockchain technology and the increase in cryptocurrencies adoption as a bullish signal. He also highlighted the rapid growth of the DeFi industry, the popularity of NFTs, and the interest of institutional investors in crypto assets.
At the same time, Pal said that regulatory uncertainties could affect the cryptocurrency markets. For this reason, he stated that regulatory developments should be followed closely. However, he suggests that cryptos have the potential for higher returns compared to other traditional markets. He considers cryptos to be an important component for a diversified portfolio.
Asset diversification is important
The macro expert said that cryptocurrencies are a strong store of value for long-term investors. As a result, it highlights the importance of asset diversification strategies. He also stated that fundamental analysis, as well as technical analysis, plays an important role in understanding the crypto markets and making the right investment decisions:
I don’t change much. I am very consistent in what I do. I still have about 80% Solana, a small amount of Bitcoin and a handful of other things I bought just to feel the price. I don’t mention them on Twitter because then everyone is screwing up and attacking you…
The cryptocurrency market now looks very bullish. I’m hesitant to cite specific numbers, but this year seems to be even more bullish than I expected.
Timing of the next altcoin bull, according to former Goldman Sachs executive
cryptocoin.com As we have reported, Pal has been expressing that he expects a large flow of money to the altcoin market for a while. In his latest update, he says we can wait until 2025 for the next crypto bull:
All are consistent across your different input and output methods. So, it just looks and feels like a crypto loop. I don’t think it’s just a function of humiliation, because if it did, the 2020-2021 cycle would be even bigger. All in all, the market looks very positive to me and I don’t think we need to worry until 2025.
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