Raoul Pal, a name with a long history in the world of finance, has often expressed his interest in cryptocurrencies and blockchain technology. He thinks that ethereum will perform particularly notably and that the crypto market will experience a massive upswing overall.
Pal said that technology shares will surpass other stock markets and digital assets will succeed in surpassing technology shares. guess is doing. According to Pal, the leading altcoin Ethereum is on the verge of a new rise.
“My thesis is that the crypto market will outperform tech stocks and tech stocks will outperform any other stock.
BTC has increased by 75% on a yearly basis to date…
ETH has increased by 53% and is ready to explode soon…”
Ethereum is trading at $1,894, up over 8.8% in the last 24 hours. Looking at Pal’s chart, the critical level for ETH is $1,890 and the leading altcoin is currently above this level.
Pal pointed to some stocks to confirm the forecast: Tesla (TSLA), which has risen over 160% year-on-year, and SMH, which has risen nearly 60% so far.
The famous CEO believes that a new bull cycle has officially started in October and claims that while corrections are likely along the way, new highs are approaching for the crypto market.
“This is the intersection between The Everything Code (implying a future where everything becomes codable) and the Exponential Age. This point is also my main focus for this cycle, which I think started when liquidity hit the bottom in October.
Yes, the technology is VERY overbought. Yes, there will be a fix at some point. Yes, this is a bull market. As tech stocks correct, crypto will likely hit new highs later in the year. Welcome to the Exponential Age.”
The Exponential Age is an era in which big data analytics, artificial intelligence, machine learning, internet of things (IoT), robotics, 3D printing, biotechnology and other innovative technologies are rapidly spreading. Exponential Age also refers to a period that requires innovation, adapting to rapid change and continuous learning.
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