Cryptocurrency Markets Set to Explode with 1 Billion Users, Says Ex-Goldman Sachs Executive
Raoul Pal, former Goldman Sachs executive and founder of Real Vision, has predicted that the crypto industry could see over a billion users in the next bull market cycle. Pal expects a wave of liquidity to enter the markets, boosting risk-on assets such as crypto, and bringing new innovation that will attract more users. He envisions the emergence of new applications at scale, such as digital identity, Web3, DeFi, and NFTs. Pal suggests that the Federal Reserve has likely finished rate hiking in its bid to control inflation and anticipates a recession soon, which will result in the Fed reversing course and stimulating markets with money printing. Pal believes that the crypto industry will experience another acceleration with the amount of capital invested in the space.
Clever Robot News Desk 25th April 2023