Raoul Pal: Crypto Is Getting Ready For The Next Wave Of Adoption

According to investment strategist and the CEO of Real Vision, Raoul Pal, everything is ready for the next wave of crypto adoption.  

Pal talks in a recent interview about three big factors that according to him will boost the growth of Bitcoin and the rest of the crypto market. 

“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.”

According to the strategist, the existing macroeconomic environment condition gives him the confidence that another sell-off event is unlikely to happen. He argues that most market participants are likely better off with a longer-term strategy rather than day-trading.

“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.”