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WebsCrypto—Markets—Former Goldman Sachs Exec Raoul Pal: Digital Asset Markets Are on the Verge of a Rebound
Markets

Former Goldman Sachs Exec Raoul Pal: Digital Asset Markets Are on the Verge of a Rebound

By WebsCryptoJuly 25, 20221 Min Read
Former Goldman Sachs Exec Raoul Pal: Digital Asset Markets Are on the Verge of a Rebound
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According to former Goldman Sachs executive and macroeconomic expert Raoul Pal, the digital asset market is currently on the verge of a rebound, noting: “Cryptocurrencies are not driven by business cycles and Bitcoin halvings, but by global liquidity, so this is a global M2 deviates from trend. Maybe halving the supply of bitcoin every four years is a factor, but when you put more liquidity into the market, it causes more people to allocate funds to digital assets with reduced supply, which is essentially Halving. Remember that digital assets are not a cyclical asset, but a network adoption model, so don’t go back to where they were like oil and commodities.”

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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