Markets
Global liquidity cycle set to push crypto into next massive bull market, says macro guru Raoul Pal
Former Goldman Sachs executive Raoul Pal believes the global liquidity cycle will drive cryptocurrency prices higher.
In a new YouTube videoPal tells his 703,000 subscribers that there are currently macroeconomic sources of liquidity “everywhere,” including the U.S. Federal Reserve’s upcoming monetary policy choices.
The Real Vision CEO also notes that global liquidity increases during “macro-crypto summers.”
“Obviously [in] In 2020, it got crazy because of the pandemic. But 2016 and 2012 were good periods for liquidity. And guess what? Crypto, technology, they’ve all gone up. Then comes fall – fall is often when the real fireworks happen. Liquidity continues to increase and eventually peaks in winter. That’s when you get the corrections, the down cycles in cryptocurrencies. So we have the two best parts of the cycle coming up.
Pal says he is “pretty much 100%” invested in Solana (GROUND) right now, plus a few small memecoins and “other bits”.
“The Solana/Bitcoin Cross Chart [and] The Solana/ETH crossover chart looks so compelling that I’m thinking, “If my job here is to make as much money as possible, I’m just going to own what I think is going to rise the most.” »
Solana is trading at $160.33 at the time of writing and is up 13.5% in the last 24 hours.
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