Real Vision CEO Raul Pal said that cryptocurrency markets have bottomed out, so traders should not fear more declines but should consider the future.
Former Goldman Sachs CEO Raoul Pal believes that speculation about recession on social media cannot claim to be true, because people are often focused on the current situation, while cryptocurrencies are about the future.
According to Pala, it is likely that inflation will turn negative in the next 12-18 months and this will be good for risky assets such as digital currencies.
“The recession is behind us, rates have come down and so has inflation. Cryptocurrencies bottomed back in June. I think when it comes to cryptocurrencies, it’s all built on perspective – the higher the growth potential, the better the market feels,” Pal said.
Previously, Pal said that once Etherium moves to a new algorithm, cryptocurrency will become a much more attractive asset for investors because it is a safe and easy way to invest their money.
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