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Crypto Market Prediction 2023 – Raoul Pal Predicts Bullish Year For Bitcoin & Ethereum

2021 was trendy for meme stocks and cryptocurrencies. A similar case could be considered for cryptocurrencies in 2022, but for different reasons.

The value of virtual currency plummeted. Massive financial pressures, scandals, and corporate meltdowns quickly sapped wealth. Many cryptocurrency enthusiasts are concerned about the future of the sector as 2022 draws to a close, especially in light of his recent FTX debacle and its many victims.

Sam Bankman-Fried is in jail and prices are dropping. The recovery of the industry is uncertain. When will the market reverse? How secure is crypto?

Raul Pal’s Bullish Stance

Former Goldman Sachs executive Raul Pal Predict Rise of cryptocurrencies and stocks. He hopes the economy will improve.

industry analysts recently predicted Cryptocurrency Market Trends in 2023Despite these breakdowns, he is confident they will improve and are not unprecedented.

He later stressed that anyone wishing to enter the market should be encouraged.

Raoul feels the market will be more volatile as customers leave when prices plateau.

Pal believes the current market conditions are similar to 2018, before the stock market and cryptocurrencies bottomed out, and with rising adoption rates, digital assets will see significant growth over the next 18-24 months. We expect it to increase.

When the Fed changed, the market reversed. In 2018 he dropped 20-30% Everyone was scared, but the Fed said, ‘Okay, economic data is collapsing, inflation is falling, so stop’ .

Key highlights from my conversation with Scott Melker on YouTube:

  • Pal says we’re nearing the bottom of the liquidity cycle, but we’re not there yet, so don’t jump in just yet.
  • Money flow tells you which industries are moving, so the liquidity cycle can help you decide when and where to invest.
  • People buy commodities when inflation is high and times are uncertain. This explains the plunge in tech stocks and cryptocurrencies.
  • Pal believes the Cryptocurrency is nearing the bottom.

Will 2023 mark the end of winter for cryptocurrencies?

macro expert says Bitcoin (BTC) and Ethereum It will do well in 2023-2024.

Bitcoin and ETH have risen 300-400% in nine months, he argued. Assuming they offer huge environmental benefits. Adoption is a frenzy, so he called it an underwater beach ball.

Metcalfe’s Law is why Pal thinks BTC and ETH will shine next year. According to Metcalfe’s Law, the value of a network is proportional to its number of users.

Metcalfe’s Law applies throughout the long-term adoption period, driving exponential growth. Every time we reach this point, we hit a high at 18-24 months. He expects 2023 and he expects 2024 to be good years.

Bitcoin, on the other hand, is trading at $16,720 and Ethereum at $1,182, both down slightly for the day.

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