Real Vision CEO and global macro guru Raoul Pal says that the price action of the crypto market is signaling bullish times ahead.
ប៉ា ប្រាប់ his 896,900 Twitter followers that the crypto market is currently mirroring March of 2020, which was during the early phase of the Covid-19 pandemic when asset prices crashed before staging a strong recovery.
The global macro guru says that while in March 2020 the concern was the economic shutdown as a result of the pandemic, the risks now include high inflation, surging oil prices, potential interest rate increases and a contractionary monetary policy or quantitative tightening (QT).
“This moment in Crypto feels a lot like March 2020 – Back then we threw the worst possible news at it (a pandemic and a global shut down) and it fell very sharply but failed to make a new low.
Back then Bitcoin turned up 10 days before the Nasdaq 100 index. But bonds led crypto.
Cut to today – 8% inflation, oil at $105, 7 hikes priced in, plus QT with Goldman Sachs calling for 11 hikes and a war. Crypto failed to make new lows.”
According to Pal, the crypto price action is ផ្តល់សញ្ញា។ that digital assets could be positively impacted by the macroeconomic environment.
“Time to watch carefully. Yes, this is a different time but the price is suggesting that macro might get more positive for crypto.”
ផាល បាននិយាយថា that bond yields are currently signaling that economic growth is likely to slow down significantly while the sell-off of tech stocks could conclude soon.
“Bonds are suggesting the same – growth is going to evaporate.
It’s a bit early to tell but pay attention. It might also be the end of the tech sell-off soon.”
ពិនិត្យមើលសកម្មភាពតម្លៃ
កុំខកខានការវាយដំ - ជាវដើម្បីទទួលបានការដាស់តឿនអ៊ីមែលតាមអ៊ីម៉ែលដែលផ្ញើដោយផ្ទាល់ទៅប្រអប់ទទួលរបស់អ្នក
តាមយើងនៅលើ Twitter, Facebook និង Telegram
Surf The Daily ហូដលលាយ
ការបដិសេធ: មតិដែលបានសម្តែងនៅឌឹដហូមដស៍មិនមែនជាដំបូន្មានវិនិយោគទេ។ វិនិយោគិនគួរតែប្រឹងប្រែងដោយយកចិត្តទុកដាក់មុនពេលធ្វើការវិនិយោគដែលមានហានិភ័យខ្ពស់នៅក្នុង Bitcoin, cryptocurrency ឬទ្រព្យសម្បត្តិឌីជីថល។ សូមណែនាំថាការផ្ទេរនិងការធ្វើពាណិជ្ជកម្មរបស់អ្នកគឺជាហានិភ័យផ្ទាល់របស់អ្នកហើយការបាត់បង់ណាមួយដែលអ្នកអាចទទួលរងគឺជាទំនួលខុសត្រូវរបស់អ្នក។ Daily Hodl មិនបានផ្តល់អនុសាសន៍ឱ្យទិញឬលក់រូបិយប័ណ្ណគ្រីបថលឬទ្រព្យសម្បត្តិឌីជីថលទេហើយក៏មិនមែនជាអ្នកផ្តល់ប្រឹក្សាផ្នែកវិនិយោគផងដែរ។ សូមកត់សម្គាល់ថាឌឹដេវហូដចូលរួមក្នុងទីផ្សារសម្ព័ន្ធ។
រូបភាពពិសេស៖ Shutterstock/Natalia Siiatovskaia/Tithi Luadthong
Source: https://dailyhodl.com/2022/03/03/is-a-full-blown-crypto-rally-imminent-macro-guru-raoul-pal-says-conditions-mimicking-previous-bull-run/