Raoul Pal Predicts Extraordinary Q4 For Crypto Markets
We’ve been hearing that the last months of 2021 will be big for bitcoin and crypto, as a whole and here is Raoul Pal’s take on things:
Raoul Pal Predicts ‘Extraordinary’ Q4 for Crypto Markets Amid Shift in Global Economic Sentiment
“Generally speaking, the last quarter of the year is when all the buses come. Everybody’s job is to be on the lookout for those buses. Because… you don’t want to be run over by the bus, and you want to catch the right bus… My bet is that the crypto bus is a rocket ship and not a bus. And this last quarter will be extraordinary.”
Pal highlights that a change in the macro landscape in the coming months will serve as a catalyst that drives the price of growth stocks and tech-based assets to greater heights.
“I think [in] the macro market also, the buses start to come in. Which is the slowdown in growth, i.e. change in the macro narrative. That’s all we need: positive or negative change in the macro narrative drives opportunity. And I think that opportunity is coming.
I think it’s in the realm of weaker bond yields, probably weaker markets for a period of time, then more stimulus, and that ignites the growth stocks. That whole exponential age thesis again, and shifts what people are focused on in markets.
It shifts away from commodities back to technology… The whole year is usually made between September and December.”