Raoul Pal, former manager of Goldman Sachs and CEO of Real Vision, said that the period we are in is the right time to invest in cryptocurrencies, and that the next 18-24 months can be very profitable for Bitcoin (BTC) and Ethereum (ETH).
Raoul Pal, analyst Scott Melker In a recent interview with bitcoin, Ethereum and to the cryptocurrency market He shared his thoughts on it. Pal said that he had experienced such declines and difficult processes many times in the past and that the cycle of pain is about to end expressed.
It’s not the end of the world
In the same way, in previous cycles, people “Bitcoin is dead, this is the end of cryptoExpressing that they used expressions such as ”, Pal reminded that in essence, nothing is over. Expressing that the light at the end of the tunnel is near, Pal said that cryptocurrencies have been used before. MT. gox and Bitfinex He highlighted how he survived his downfalls.
I’ve seen all the bloody cycles. In times like these, you’ll often hear people say “it’s the end of everything, this is it”, but it’s not the end of anything. This is nothing new and it will all be over soon.
Cryptocurrencies are waiting for good days
FTX Although the crashes that followed his bankruptcy were hurtful, Pal believes this bankruptcy will accelerate regulators and the returns will be positive in the end. Positive impact of regulations on cryptos hedge funds exemplifying with the .
People have said this in hedge funds. They kept saying that it is nonsense to invest in such funds, they are all ponzi systems. But what happened in the end? Hedge funds have generated a net return of 5x in a few years. So why? Thanks to the regulations. With the advent of these regulations in cryptocurrencies, it will reach a very different dimension.
I invest all my money in crypto
Mentioning that these days, when everyone loses interest in cryptocurrencies, are the most logical days for investment, Pal explained that he has recently bought crypto money with all the cash he has received. The current state of the crypto market 2018in deep Pal said that, considering the current market conditions, cryptocurrencies will make significant gains in the next 18 to 24 months.
Investors who endure all these events and volatility will be happy in the end. So lately I’ve been investing in cryptos with literally every money I can get my hands on. I’m super focused.
2023-2024 will be interesting
On the other hand, pointing to the long-term adaptation trend of Bitcoin, Pal mentioned that this will be the main factor that provides the gains. Usually when this happens approximately 18 months and maximum 24 months in new heights Stating that it happened, Pal said, bitcoin and Ethereum for 2023 have a very good year, 2024He expects to be a much better year.
Pal also said that when the data is examined, Bitcoin is more than ever. “oversold” hence the situation 2023-2024 He said that an interesting intersection awaits us in the years.
You need to pay attention to the following data: Processes such as the end of the global recession, the Bitcoin halving, the resumption of macroeconomic money printing will intersect in almost the same time frame. This can be a very interesting and profitable period.