Macro Guru Raoul Pal says the entire cryptocurrency market is ready to double its current size.In his new tweet, the former Goldman Sachs executive says that the digital asset area that exceeds $ 1.8 trillion marks the beginning of a new volatility that will push the cryptocurrency market higher in the following months.
“The $ 1.8 trillion break in the market value of the entire digital asset space feels like a big deal. The pattern on the graph shows that the acceleration is behind this break. My forecast is that the entire area will double in the next 2 to 3 months. Let’s wait and see! ”
“What did Bitcoin do?” With Peter McCormack Raloul Pal said that once Bitcoin (BTC) reaches a market value of $ 1 trillion, it will reach the “Money Wall”. What we are seeing here is advance action on the size of the market value. Because 1 trillion dollars corresponds to a serious asset, while the value reaches 10 trillion dollars to have a wealth. This deepens the market value, creates a wider market and allows more participants to enter the market.
Raoul Pal also shares what the wider cryptocurrency market means for investors:
“This is for institutions; it means adoption, it means market value, it means regulation. That is, the wider it is, the more suitable the market value becomes for the purchases of institutions. This is also a much bigger issue than price. “