Chances of Crypto Sell-Off Small, New Wave of Crypto Adoption Emerging – Raoul Pal

Macro guru and Real Vision CEO Raoul Pal sees a new wave of crypto adoption emerging.

Speaking with Nasos Papadopoulos in an interview on the MetaLearn Channel, the former Goldman Sachs discussed scenarios for how the war between Russia & Ukraine plays out.

Pal also shared his outlook for different asset classes including stock & bonds, commodities & crypto and why the tokenisation of culture through communities like Bored Ape Yacht Club are so significant for global adoption of crypto assets.

According to Pal there are three catalysts that he believes will spur Bitcoin’s growth along with other cryptocurrencies:

“For sovereign states, particularly sovereign wealth funds, they will look for a long duration asset, which gives them some security, so it has a place, so we will see a further adoption for sovereign states of this, not necessarily as a currency, but as an asset. I think that’s very interesting. I think that’s the place of Bitcoin in the world as a kind of pristine collateral reserve asset.

We’ve got the sparks in place. The next thing we need is the inflation story to die, that would be a true accelerant, and growth to be falling and the central banks to be printing more money because it does very well. It drives adoption. It doesn’t just drive the price up like it does with equities and gold and real estate. It drives adoption which is why it always massively outperforms everything else in times of monetary largesse. You’re setting up for a perfect storm here.”

Pal believes that the chances of another crypto sell-off event are slim and notes that most market participants will be better off by taking a long-term approach. He said:

“I think it’s even cemented the macro backdrop even bigger. With a force that powerful, you shouldn’t be too cute with the asset. You basically should just buy and hold it and buy it when it sells off significant amounts because you know the risk-reward is so ridiculously skewed to the upside.”