Raoul Pal
Analysts note parallels with March 2020: Will this time be different?
Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020. The real question is whether it’s the start of a larger downturn or if there will be a significant bounce-back as in 2020 that led to an extended bull run in both crypto and stocks markets. Podcaster and author of The Pomp Letter, Anthony “Pomp” Pompliano is on the permabull side of the ledger, tweeting on May 18 that since March 1, 2020 when one Bitcoin cost about $8,545, “Bitcoin is up 340%.” Bitcoin is up 340% since March 1, 2020. As central banks around the world devalued their currencies at a historic rate, there is only one asset that stood out from the pack.#bitcoin is the savings technology that shields billions of...
‘Zone of heavy opportunity’: Analysts tip Bitcoin will stage a comeback
Several popular cryptocurrency analysts believe the future looks green for Bitcoin (BTC) as it reclaimed the $40,000 mark in a 3.5% swing following a week-long dip. Popular Bitcoin technical analyst on Twitter TechDev issued a prediction to his 381,000 followers that the general direction for the largest cryptocurrency by market cap will be up for the foreseeable future. His April 14 chart drew a comparison between the tremendous rise of the Dow Jones Industrial Average in the ’80s and ’90s to Bitcoin’s price over the past six years. Past performance is no guarantee of future returns but there are some similarities to the historic price action that if repeated, would suggest the Bitcoin price will rise from here. The analyst said “Times change. Assets chain. Macro aggrega...
Wait, what? Former Bitcoin bull Raoul Pal only owns one Bitcoin?
Former Goldman Sachs hedge fund manager and cryptocurrency bull Raoul Pal claimed in a tweet that he now only owns a single Bitcoin. As the claim was made in the heat of a Twitter fight with self-proclaimed “Bitcoin Strategist” Greg Foss it’s not entirely clear whether it’s an exaggeration or an accurate statement about his holdings. Pal is the founder and CEO of Real Vision and Global Macro while Foss is an executive director at Validus Power Corp. The revelation of his apparently small holding certainly caused uproar and angst among Bitcoin true believers, who’ve looked at Pal askance ever since he started calling Ethereum “the greatest trade” and predicted that ETH and altcoins will eventually outperform BTC. Fascinating to see that since inception ETH has outperformed BTC by 250%. It o...
Raoul Pal says ‘reasonable chance’ crypto market cap could 100X by 2030
Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade. At the time of writing, the total market cap of the global crypto sector stands at $2.2 trillion, and Pal told podcast Bankless Brasil “there’s a reasonable chance” this figure could grow to around $250 trillion if the crypto network adoption models continue on their current trajectory. Pal drew comparisons between the current benchmarks of other markets and asset classes such as equities, bonds and real estate, noting that they all have a market cap between “$250-$350 trillion.” “If I look at the total derivatives market, it’s $1 quadrillion. I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100X from h...
