Raul Pal: The recession is behind us; rates have come down, as has inflation. Cryptocurrencies are old
Real Vision CEO Raul Pal believes that the crypto market has already bottomed out, so investors do not need to discuss an even more severe fall. The expert suggested that the assumptions about the recession in social networks are invalid since people are often focused on viewing the situation, and digital assets are about the future.
Pal predicts that inflation will likely be negative over the next 12–18 months. It will have a positive impact on risky assets such as cryptocurrencies.
“The recession is over; rates have come down, as has inflation. Cryptocurrencies have lost the bottom, still ecstatic. When it comes to cryptocurrencies, everything is built for the future — the higher the growth potential, the better access to the market itself,” the expert said.
Mark Newton, Head of Technical Strategy at Fundstrat, said that BTC could fall below the $18,000 threshold before the market is sensitive to fluctuations. Fidelity’s director of global macroeconomics, Jurrien Timmer, also suggested that the observation price could drop to $16,000 if the first crypto coin correlates with the S&P 500.
“If the 14x forward multiple is a logical estimate, then simple math tells us that the S&P 500 has a fair value of 3200–3400 with an EPS of $230. It suggests that the bear market is not over yet,” Timmer said.
Rich Dad Poor Dad author Robert Kiyosaki predicts an increase in global economic activity from embracing cryptocurrencies. In anticipation of investors, investors noted that they are waiting for a long fall in global financial markets.
At the same time, Kiyosaki continues to show that the bear market is the best time to perceive. In addition, the economist said that the US dollar might lose its hold, a prerequisite for entirely using digital currency.
“I believe the fall of the economy in world history is approaching. And now the question is not whether you invest in cryptocurrency. Now you need to buy cryptocurrency, precisely because of the wide spread of this revolution,” Kiyosaki said.
