“I’m Going ALL IN On Crypto In 2024” – Raoul Pal Crypto News | BTC Prediction

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“I’m Going ALL IN On Crypto In 2024” – Raoul Pal Crypto News | BTC Prediction

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Raoul Pal on Bitcoin, Ethereum, Solana & Macro Environment

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If you think about the mess of FTX we need exchanges on blockchain we need the recorded ownership of assets when Leman Brothers went under everybody’s got a claim on the collateral and there’s 35 claims on the same piece of collateral right this sorts it all out automatic settlement of everything we’ve seen that

In defi defi is a great experiment in showing that everything can automatically settle I I don’t think people understand this salana fire dancer and again not just picking on salana um because I’m long of it but this just like they’re thinking that sana’s theoretical TPS is 65,000 biod dancer takes it to 1 Million today we have real Vision CEO Raul pal giving us his updated prediction for crypto why the coming cycle will be different and what we can expect from the coming bull market that’s projected to explode in the first quarter of 2024 with crypto and Technology being the biggest Investments

This year R pal says that he’s remaining bullish on digital assets after significantly increasing his position size during the last bare Market in a new interview with Anthony Pompano the former Goldman Sachs executive gives a portfolio update on which crypto assets have the biggest upside in the coming

Months and why this year more than ever we’ll see massive Capital pouring into the space with major Pension funds and institutional investors on board for the coming cycle R pal predicts that crypto is on track to be a 10 trillion doll digital asset class as Bitcoin and ethereum continue to dominate the top

Two spots by market cap pal says that this cycle will separate itself from its predecessors as devalued Fiat currencies will push more adoption into the crypto market and bring in more Capital than we’ve ever seen before I’m I’m very overweight salana because I could see it survived the worst nuclear winter and

The developers were very active the community was very active and then they made some big Tech breakthroughs with being able to Mint a million nfts for 100 bucks and then fire Daner which kind of changes the entire game again in terms of speed and cost so

I think so that you know that’s why I backed that horse and still having Bitcoin and still having um ethereum and then there’s a bunch of new stuff you know how a sui and SE and polygon and there’s just so many things and the answer is I don’t know it’s

Difficult you know that’s one of the reasons I set up the asset management business I’ve got exponential age asset management was because this bit is difficult it’s easy to own the top three or four and not it up it’s very difficult to choose the winners unless you’re in it all day understanding

Everything and so the idea I had was to start an asset management business that just invests in crypto hedge funds so it’s a funder fund so they actually are doing the work to find that because it’s otherwise it’s actually really difficult to do and again we’ve all got proof in

Our wallets that we thought we were on to the next big thing and it wasn’t but in terms of is it a winner takes all I I just think we can’t tell I I doubt it I doubt it I think different things will be different chains will be used for

Different things but it will probably end up being a total of five take 80% of the market I mean xrp is another one it has use there’s plenty of use but it’s it’s not the best performing asset said it’s just it’s a blockchain that gets used uh there’s a bunch of others with

With big market caps that aren’t used at all just for for fun I mean you can use Doge I it’s just I mean Elon may use Doge for payment systems or whatever some way shape or form but do got huge market cap just driven by retail investors it’s bananas but you this is

The space we’re in listen I think the whole Space the meme is really important I mean the best meme Bitcoin ever had was not digital gold it’s number go up right I mean that’s such a powerful meme right and people get it and so memes are really important because these are new

Things and people don’t know how to really place them in in the mental framework it’s kind of a child of the internet too so you know dog with hat is like the big meme coin of the moment and that’s fine it’s kind of pure speculation and culture it’s the value

Of culture and but the problem is it’s it die so quick the culture of one thing and others are pervasive like Doge so it it is really hard to do but my God you can make a lot of money and in my 10% DJ portfolio I’ve got a couple of those um

That are just memes I think could work but it actually takes a lot of work so a few of my friends are really good at doing this they really focus on the meme um I try and look at the meme that might run for a year or a year and a half half

As opposed to the meme cuz some of these will do 50x in a month and then disappear so it’s again it’s hard and I don’t like people to do it unless they really know what they’re doing or if do do it with the 10% because that’s one way of it

Up you just think you’re on to the next 100x you put all your cash in you get rug pulled or whatever and before you know you’ve lost all your money rul believes banks are attempting to achieve interest rate neutrality without completely destroying the world economy however investors have begun speculating

That tighter financial and credit conditions for households and businesses are likely to weigh on economic activity rul looks at what economic indicators we can expect concerning inflation the stock market and the potential impact of cryptocurrencies on the global monetary system I’m starting to get phone calls which is interesting right once you

Start to get the phone calls because there’s a bunch of them that deep in the space like Allan um he’s deep in the space bunch of them have people who are already operating you know this bucket for them so you know they’re always around you know the Paul Joneses and the

Uh um stra and Millers they’ll be periodically in and out you know they’re they’re agnostic they they get it but they they’re Traders you got the Louis Bacons of this world who have teams of doing people doing stuff as do a bunch of them um but then there’s the other

Kind of billionaire crowd which is the other hedge fund managers or just the general billion air crowd and a lot of them came into it for the first time last cycle had their metal tested um like God this is not easy but I know they’ll be

Back so that’s I’m getting quite a few phone calls from that crowd as well which is like hey should we get back in and what should I be thinking and how should I be doing it um you know what does this all mean so I think that

They’ll all be back in and I think this time around they’ll stay say because now they understand it you got to go through a cycle to understand how this asset works so I think they’ll stay this time around and they’ll figure out how to

Deal with it and I’ve done a lot of work from this from Global macro investor which a lot of these guys are all subscribers and I’ve basically proven that crypto is a macro asset it’s driven by the same forces of liquidity and you relentlessly show that there’s a narrative which is like this

Is funny internet money blah blah blah and you show them it’s exactly the same forces so you can use Global M2 or liquidity whatever thing and then you start proving okay how do you use the same macro tools and chosen different assets what are the outcome and you find

That even on a risk adjusted basis crypto is like five or 10 or 20x better it’s like that I think you tweeted it out as well Fidelity put that hilarious scatter plot of risk rewards of all the little bottom left and then you kind of don’t realize but you have another look

And right up at the top right is Bitcoin I think the main driver of this whole space in terms of private Capital has been family officers because they don’t have a mandate they can do what they want so we’ve seen and continue to see the family offices Drive the VC business

And the hedge fund industry the institutions are still few and far between you know the guys of Texas teachers um there’s there’s only a few that have really allocated and nobody’s done a big allocation there’s a lot of noise that the Middle East is doing stuff but I

Don’t see many people actually coming back with tickets so I think that’s still to come um it feels that you know because if you think about how the world works even when when we look at from xamp the hedge fund side none of the hedge funds are on like the Cambridge

Associates platforms and the big platforms they just haven’t done crypto so the traditional way of some giant pension fund going to Cambridge Associates finding what the right hedge funds are and Cambridge do the due diligence and then allocating doesn’t exist right now so they don’t really

Have a way of doing it unless you’ve got some sort of pioneers within the shop itself so it still feels like the major institutions of that type we’ll see more this time around you we saw reasonable amount last time we’ll see more this time around it’s probably the cycle

After that I think the ETF is a good thing because I know there’s a lot of rogue fun fund managers who know that they can Hoodwink the risk manager by saying I’ve just got an equity it’s called it I bit it’s an equity you don’t know what it is and it’s Bitcoin right

They will do that there’ll be a bunch of people who do that and eventually they’ll get the mandates to do it properly R pal uncovers how changes in cryptocurrencies can send ripples effects through our wallets imagine a world where borrowing money becomes more expensive those cool credit card deals

And car leases might not be as sweet but it’s not just about numbers it’s about fairness and how many things we can buy among the market noise Bitcoin emerges as a rebel in the money world shaking up old traditions pal points out that the everything code is like saying money is

This Invisible Thread that’s connecting it all together with big Banks being the Guardians of balance he says they’re working behind the scenes to keep things steady preventing Financial chaos but he believes the inevitable is coming what do you think about the latest interview with Raul pal and how do you think his

Prediction for Bitcoin crypto and the financial Market plays out in the first quarter of 2024 comment down below thanks so much for watching don’t forget to hit the like button and subscribe for more content just like this we’ll see you in the next Video