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So they've sold that e to buy Bitcoin because of the ETF right and this point in the cycle makes sense fine then what is everybody going to do after the Bitcoin ETF is announced this is Bitcoin outperforming the NASDAQ you don't want to own anything except crypto at thisPoint in the cycle because it starts outperforming Everything today we have real Vision CEO rul 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 could explode in the last quarter of 2023 with crypto and Technology being the biggestInvestments 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 coin Bureau the former Goldman Sachs executive gives a portfolio update on which crypto assets have the biggest upside in the coming months and why thisYear 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 pal says that this cycle will separate itself from its predecessors asDevalued Fiat currencies will push more adoption into the crypto market and bring in more Capital than we've ever seen before also we have just partnered with our friends over at Jamie Tree Finance who have just launched a daily 5-minute crypto newsletter it's a fantastic analysis of onchain cryptoData and breakdowns and the best part it's absolutely free so to give out as much value to you as possible we're sending out a 5-minute daily newsletter which will cover expert predictions breakdowns of onchain crypto data and any breaking news that you need to know all in a nutshell click the first linkIn the description and enter your email to join over 5,000 others in becoming a better crypto investor right now it's really Sal and eath Sal eath yeah nothing else adds up to much it's just Sal and eath um and of which salana is the larger bet I haven't held muchBitcoin for for a while because you know I I look at this in terms of network effects and you know my my view is that more things are being built on ethereum it's a richer deeper Network um more use cases and over time I think the value of the ethereum network will beMore valuable than the Bitcoin Network unless something changes now ordinals and stuff like that maybe let's see um and so it's just from that thesis Alone um that I haven't held much Bitcoin I've just thought it'll underperform now it always outperforms in crypto spring the least risk asset in that space alwaysOutperforms at first then what happens as spring turns into summer you start getting outperformance of alts and particularly the large alts first and then the smaller alts later so there's nothing unusual about what's going on also very interesting to see the chart of eth Bitcoin you know kind ofLong-term weekly chart it's been a very interesting yeah that right that to me is an incredibly interesting chart because I actually draw the wedge coming up from 2017 low through the 2020 lows this is what I'm really interested in hly this is right this is a massiveWedge pattern and we're putting in the stuff that I look at Demar indicators everything else they're suggesting the low comes this week next week the week after so I'm thinking that the narrative around eth is going to be wrong it's going to catch people offside people have basically because there's been noNew money in the space so they've sold the eth to buy Bitcoin okay because of the ETF right and this point in the cycle makes sense fine then what happens is the ETF is announced what is everybody going to do after the Bitcoin ETF is announced everyTrader is going to switch their bet from Bitcoin to eth and that changes the dynamic now eth has been kind of as I said struggling around a bit but once it clears 1900 it gets really interesting I think I put a chart yesterday on the ethChart on on my um Twitter feed so what we've got is it's an Elliot wave chart and it's a and it's a beautiful technical pattern of this lovely kind of flag so Elliot wave you tend to get five wave advances ABC declines in a bull market so you hadThis wave up one it tra retraces all the way back down doesn't make a new low that's a wave two then you start on what is a wave three wave threes are the big Dynamic waves but within that breaks down to subwave so this was wave one wave twoWas the correction and now if you break that you go into what's known in the most exciting thing of Elliot wave is a three of three that's where you get the double acceleration Point what we've just seen in salana feels like it's going to happen in eth particularly nowEverybody's underweight eth people have seen the salana move um let say the Bitcoin ETF comes you break that trend line which about 1900 and before you know it you're on your way to 2 and a half thousand and Beyond embracing an unyielding enthusiasm for the crypto realm R confidently predicts that explosive growGrow is looming on the horizon as Black Rock and many other crypto Giants are doing just that pal reassures that a long expected surge awaits leading up to the highly anticipated 2024 Haring event for Bitcoin this is Bitcoin outperforming the NASDAQ versus global 2 right so at thisPoint I call this the super massive black hole you don't want to own anything except crypto at this point in the cycle because it starts outperforming everything this is the weekly Global liquidity index which is um five of the world's largest central banks uh global net liquidity and what we're seeing is it'sNot quite at zero yet right this is the Big Daddy of indicators this is the thing that we get when we put just the outright uh Le weekly liquidity index we got a 97 and a half% correlation with the NASDAQ and 87% with the with Bitcoin so this is theBig Daddy it's not quite there but it's almost at zero you know and once it starts getting to zero we kind of get into what we refer to as the banana Zone when all assets Go Bananas around the time Larry was saying what he said the markets were starting to figure out thatThe real problem was this excess um Supply issuance of bonds and that inflation wasn't going up but bond yields kept rising and it was that moment that gold and crypto picked up very quickly is that the more bond yields go up the more they started going up that correlationChanged and that correlation was driven by the fact I think that the market knew if bond yields are going to go up like this the fed or the government or somebody's going to intervene so you get closer to the cowbell the stimulus the some somebody's going to do something soI think that was a really big factor in it and things started taking off it's like okay if this Bond Market's going to get out of control then you need to hide somewhere and also you know the banks had started going down again as well if you remember yeahOctober 16th like the banks had this little Peak and then started dropping like a stone and so again the Market's job is to forecast the probability of stimulus or a flight to safety and Bitcoin always does well out of it so that's what I think started off and IThink Larry saying the same thing around the same time that the banks turned around you know also adds fuel to the fire I don't know if there's any economic day TR that day but there was probably something around that as well interest rates are too damn high and they have to issueOngoing um bonds to cover the the the deficits but they have to roll the bonds from last four years from three years ago from 1% interest rate to 5% interest rates or five and a half and the problem is to do that you have to issue yet moreBonds to pay for that so we're just getting a wash with issuance and this has been my argument about the everything code is that there is no way governments can issue bonds at 5% interest when you're 100% of GDP in debt because there's not enough economicGrowth to cover it so the central bank has to buy it and what's happening is here we are pushing the central bank to buy it now whether Janet's doing that on purpose is like Jay you're gonna have to take this but I think there's a game being played is likeOkay we'll show the stress we'll create the stress we need to cut rates we can roll this debt at lower levels and if we can find the right excuse like a recession we can roll push it onto the FED balance sheet so if you go back to2008 everybody got the get out of jail free card of zero interest rates so nobody had to pay interest on their debt that was like a gift right zero interest rates every government refunded at zero but for some weird reason they did it between three and 5 yearsThat three and fiveyear debt cycle just keeps rolling over it's exactly the Bitcoin harving cycle it's exactly the economic cycle it's exactly the US election cycle they're all the same thing it's this super cycle this everything code and we're into that point of the cycle now where the balanceSheet should start rising to cover the debts from the previous cycle if that trend line continues to break banks are up strongly today because the yields have gone down again if the banks break then we know they're just going to hit the accelerator button to all of the stimulus banks are brokenHere now this is a long-term chart this could take years to play out or it could happen overnight you just don't know I mean look how fast happened in 20078 but this is the Larry think thing right something is broken and you need a safe haven and I lived through exactly thisIn Europe in 2012 when we almost lost all of our banking system and Cyprus everyone had their money taken out of their accounts that's when I discover Bitcoin because I realized you needed to have a way of holding assets outside that wasn't gold which is not the easiest asset to move around Pal'sAnalysis brings attention to the liquidity cycle as a valuable indicator for understanding debasement signifying a shift in the Market's Direction he identifies a crucial turning point in June where his weekly liquidity index hit its lowest mark this prompted him to focus on purchasing ethereum pal also acknowledges the Divergence betweenLiquidity and asset prices emphasizing that during bull cycles driven by adoption and speculation cryptocurrencies tend to outperform liquidity measures based on his findings rul pal strongly advocates for the Strategic investment in cryptocurrencies specifically highlighting Bitcoin and ether as promising assets he sees them as assets that surpass the performance of traditional financial institutionsBalance sheets and provide a means of protection against currency debasement and the inherent flaws of the current Financial system what is your opinion on Raul Pal's claim that investing in cryptocurrencies like Bitcoin and ether serves as a smart hedge against currency debasement let us know in the commentsBelow 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

FREE Daily On-Chain Analysis & Crypto News In 5-Mins: http://bit.ly/TheCryptoNutshell -------- Raoul Pal thinks the next bull ...

I think this bull market that's coming or has just started is something I refer to the everything everywhere all at once bull Market 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 with crypto and Technology being the biggest in Investments this year R pal says that he's remaining bullish on digital assetsAfter significantly increasing his position size during the last bare Market in a new interview with coin Bureau 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 withMajor Pension funds and institutional investors on board for the coming cycle R pal predicts that crypto is on track to be a 10 trillion dollar digital asset class pal says that this cycle will separate itself from its predecessors as devalued Fiat currencies will push more adoption into the crypto market andBring in more Capital than we've ever seen before it's not going to be one theme it's you know 67 billion dollars went into VC in the last cycle there's a bunch of people build building deep Tech but there's a whole group building the applications layer so music and nfts IKnow at least 20 people 20 groups working on that and if I know 20 there's probably 2,000 groups or 500 groups working on that we've got fashion all the cultural stuff fashion Entertainment Sports they're all working on it we're seeing a lot of that that entire FinanceSystem has put its hands up and said yeah we're building this stuff too everybody is building on blockchain every bull market you need to have various five and 10% Corrections they're healthy what needs to happen the NASDAQ had its best start to a year almost inHistory um it's still up 30% after a 10% pullback normally these things are very healthy to see what we are seeing and I can see it confusing a lot of people is this bifurcation where the old economy stuff like the Russell 2000's hitting new lows because the Russell 2000 isPricing in today's economic conditions which are pretty soggy they're not great right are we in recession are we not in recession but we're there and thereabouts NASDAQ discounted that all last year and so NASDAQ has been on a tear much like crypto has because they're forward-looking assets based around aSecular bull market Trend so for me I look at the technicals and I think there's a decent chance we put the low in in equities particularly the NASDAQ S&P others um today that's that's my that's my general view we'll have to wait and see because I'm not aShort-term guy but you know I know where the trend is going um don't forget election cycle years this looks identical to the average election cycle year you always get this correction of this magnitude it finishes around now and then normally it goes up into the end um for both the pre-election yearAnd just the general seasonality so that's good liquidity even though it feels like liquidity is coming out of the market if I look at the FED net liquidity it's actually been rising slightly slowly But Rising so we're not seeing a liquidity draw from markets we're seeing China stimulating so that'sGlobal liquidity coming I think any day now the Japanese will come in and intervene in the currency market and all the bond market that'll be stimulus the Europeans were out today or yesterday saying they're done with rate Rises most likely okay so that's that that changes the liquidity environment it doesn't yetMake it positive but it makes it less negative the US looks like it's done as well we've seen several of the FED members saying we're done let's wait and see so on balance things are more positive so if technology is forward-looking then you would need to ask yourself aStand dram Miller said he said you need to ask yourself what the economic conditions going to be in 6 months or 12 months time are rates going to be this high or lower is liquidity going to be here or higher the idea that the world is going ever more digital the softwareIs eating the world idea that Mark andreon said is so bloody obvious at this Point m i mean here we three of us are in three different countries 5 years ago Maggie we'd have had to have a satellite link to do this with television Crews if not we'd had toFly everybody to a studio in New York right all of this is another just a manifestation of where the metaverse is going it's the digitization of Our Lives that doesn't mean we don't enjoy the beach here in the Cayman Islands that we all you know just live with headsets onBut it means that the digital world I'm sitting around me and I've got Bloomberg screens other screens all of this stuff that's just a noisy mess sooner or later it just becomes 3D immersive abilities whether it's with or without headset I hologram comes after headset you know and before you know it everythingDigital and physical merges we're all seeing that everywhere and like it or not those people who say well I this metaverse is a bunch of go and see what your kids are doing all day and if they're not in the metaverse that would be a huge surprise to me so it is comingIt's coming to our office environments we now work from home why because of the metaverse right everything is digital we used to have physical mail now we have digital mail we used to have to have film with actual film and now we just stream it digitally we used to have toDial up somebody on a phone and now we have these mobile phones that last everywhere I'm here in Little Cayman and why this image is good now because now I'm on starlink I got 100 Meg or 200 Meg up and down in the middle of the Caribbean Sea all of the digital worldIs coming at us so fast and that is the metaverse it just is the meeting point it's the end game embracing an unyielding enthusiasm for the crypto realm R confidently predicts that explosive growth is looming on the horizon as Black Rock and many other crypto Giants are doing just that palReassures that a long-expected surge awaits leading up to the highly anticipated 2024 harving event for Bitcoin for me there's a few people that come from my old macro world that speak New World Dan tapiero and crypto Dan Morehead and crypto Jordy is exponential age plus crypto you know he's just aProfoundly deep thinker and it's just really enjoyable to talk to him and his theis theis is which is actually parallels my thesis is this is a digital nation state of crypto made up of subnations and that the returns are superior and that it's going to eat jobsFrom the the major economy because the opportunities are larger because the asymmetric of the space he's also like you know the return profile is so ridiculously prolific even with the up and down cycles that even with rates at 5% he thinks they stay at 5% you know we had a discussion aroundThat he said the the issue is is capital looks at that 5% turns its head looks at the S&P up 8% it's like well you know I was quite happy not to take the risk you look at Bitcoin up 100% or salana up 220% and surely enough money will LeLeak into risk-taking and it's something him and I talked about is the ETF how I think of the ETF how people should use it in the mental model is if the digital nation state of crypto new world and trafi Old World what the ETF is is nothing more than a tradeAgreement between these two countries and the trade agreement once it's put in place doesn't necessarily mean the money comes in it's the trafi guys need to look at crypto go there's higher rates of return and right now that's proving itself so the probability over time of foreign D direct investment FDAComing from trafi world into new world is very high and then there will add a second Trade Agreement which will be the eth spot ETF so if you think of these trade agreements between these digital worlds it gets very interesting and that's what Jordie also talked about wasThe competition for talent from two different countries old world and new world is very hard for trafi to hire the best people anymore because they'd rather go to crypto why because they get paid more and the upside opportunities more it's why AI is sucking in all the jobs andAT&T can't hire them you know it's the it's a it's a really different world we're going into and this new world that I've always called the super massive black hole just continues I mean we've got 425 million active wallets now by the time this bull market finishes inLet's say 2026 there'll be a billion people using it that's a country the size of China they're just digital countries digital nation states that has allocation of resources taxation which is fees on the for using the the um protocol you even have kind of security costs which is the same as militaryCosts you have a finance system which will be defi you have an asset system like nfts and other assets you've got you know it's when you look at it when you just get rid of all the terminology it's a borderless state with it own currency and it's a bloody big one Pal'sAnalysis brings attention to the liquidity cycle as a valuable indicator for understanding debasement signifying a shift in the Market's Direction he identifies a crucial turning point in June where his weekly liquidity index hit its lowest mark this prompted him to focus on purchasing ethereum pal also acknowledges the Divergence betweenLiquidity and asset prices emphasizing that during bull cycles driven by adoption and speculation cryptocurrencies tend to outperform liquidity measures based on his findings rul pal strongly advocates for the Strategic investment in cryptocurrencies specifically highlighting Bitcoin and ether as promising assets he sees them as assets that surpass the performance of traditional financial institutionsBalance sheets and provide a means of protection against currency debasement and the inherent flaws of the current Financial system what is your opinion on Raul Pal's claim that investing in cryptocurrencies like Bitcoin and ether serves as a smart hedge against currency debasement let us know in the commentsBelow thanks so much for watching don't forget to hit the like button and subscribe for more content just like This

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