Raoul Pal believes institutions have finished taking profits as year winds up
Raoul Pal suggested that profit-taking by institutions was the likely reason for recent Bitcoin sell offs, but that the selling is likely done for now. Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year profits, The perennial Bitcoin (BTC) bull told Vlad from The Stakeborg Talks in a Dec. 27 interview that he believes the market is currently lopsided due to the effect of institutions. Pal said that they have been selling to lock in their profits. It was a way for institutions to say “I believe in....
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Global Macro Investor CEO, Raoul Pal, discussed the current economy this week and asked his 394,000 followers if people are using the wrong denominator when it comes to certain economic factors. One thing’s for certain, wages have not increased, no matter the common denominator people use to measure today’s salaries. Pal wholeheartedly believes that bitcoin is the only “life raft” he knows of that has “the optionality to change this [issue] over time.” Macro Strategist Asks: ‘Do We Have the Wrong Denominator?’ Raoul Pal is a bitcoin bull and....
Some analysts are expecting big things for Bitcoin in the near future when all the institutional selling has completed and capital gets deployed to the market. Some crypto market analysts are highlighting the potential for a green first week on the crypto markets in January as part of what economist and trader Alex Krüger calls the “first week of the year effect.”Krüger pointed out in a Dec. 29 tweet that for the past four years straight, Bitcoin (BTC) has enjoyed positive returns in the first week of January ranging from 7% to 36% between 2018 and 2021. In 2021, BTC grew from $28,653 to....
CoinShares has noted significant outflows from institutional products this past week, signaling some institutions have been realizing profits amid BTC’s recent pull-back. A new report from crypto fund provider CoinShares has indicated that some institutional investors have been realizing profits during BTC’s recent consolidation.CoinShares’ weekly digital asset flows report identifies $85 million in outflows from institutional crypto products this past week, asserting the data suggests “some investors are continuing to take profits after [BTC’s] strong price appreciation.”The report noted....
Pal says that the upcoming release of ETH 2.0 and and ETH ETF will extend the crypto market cycle Former Goldman Sachs hedge fund manager and founder of Real Vision, Raoul Pal, believes that the social media pundits are wrong and the crypto market cycle won’t end this year. But things might get a bit hairy on the way. In a Real Vision interview on Nov. 3rd Pal predicted that the current bull run won’t end in December as it did spectacularly in 2015 and 2017, and will instead extend to some time between March and June. According to Pal, Bitcoin, Ethereum and altcoin markets are likely to....
According to macro investor Raoul Pal, the latest Bitcoin rally is just the beginning of an institutional investor-led bull market. Bitcoin may hit $150,000 by November 2021 according to Raoul Pal, founder and CEO at Global Macro Investor and Real Vision — And that would be the most conservative scenario. Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the Bitcoin market.That is what, according to Pal, makes the latest Bitcoin rally fundamentally different from 2017’s crypto bubble, which is believed to have been....