Cryptocurrencies are set to take off in the coming months, says Raoul Pal.

By Crypto4you23 | Cryptoanswers22 | 23 May 2023

Raoul Pal, formerly employed at Goldman Sachs, holds the belief that the cryptocurrency market is poised for another surge in the upcoming months.

He presents a straightforward explanation that aligns with Arthur Hayes' viewpoint: the money printer will generate significant impact.

In more technical language, Pal elucidates that liquidity is on the rise due to governmental measures, encompassing reverse repurchase agreements, the banking crisis, the debt ceiling, and various other factors.

The macro-guru even goes to the extent of labeling this situation as "the code of everything," emphasizing that liquidity is the sole concept investors need to comprehend. "And what holds the utmost importance is the selection of assets when the government socializes debt, not through taxes, but through the money printer... Choose wisely."

During a Thursday session on YouTube, Raoul Pal engaged in a question-and-answer format, where he delved into the subject of liquidity.

Succinctly put, the macro-guru foresees an upward trajectory for cryptocurrencies and technology stocks in the forthcoming months.

"All of my leading indicators indicate a continued increase in liquidity, propelling cryptocurrencies and technology stocks above all else."

Additionally, Pal remarks that the decline in Treasury bond yields should have already occurred, but this delay may be tied to the issue of the United States' debt ceiling.

"The debt ceiling quandary harbors legitimate risks, and we are uncertain about how to accurately assess them," Raoul Pal further elaborated.

"We cannot predict the outcome, but the likelihood is that any circumstance causing financial market paralysis will prompt further stimulus."

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