Golden Finance reported that Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, said that retail investors are not the "key driver" of spot Bitcoin ETF, with most of the funds flowing in from arbitrage trading and hedging funds.

coin Former Goldman Sachs executive Raoul Pal predicted the arrival of a "summer of Crypto Assets" in the Crypto Assets market in a recent video update, believing that Altcoins such as Ethereum (ETH) and Solana (SOL) may see a significant upward pump in the coming month. Pal said the market is ready to hit new all-time highs, which could lead to the six-figure level of $300,000 in Bitcoin prices. He also cited a chart to illustrate the shift from "encryption spring" to "encryption summer."

Peter Schiff, one of Bitcoin's staunchest critics, said he wished he had bought some in the first place, regardless of his views on Bitcoin's long-term prospects. Schiff, a well-known stockbroker and gold investor, recently said that he studied Bitcoin back in 2010, when it was around a few dollars, but he didn't see its investment value at the time. On Wednesday, Schiff debated with crypto investor Raoul Pal on the Impact Theory podcast about whether bitcoin would rise to $1 million or go to zero, saying, "Do I wish I had decided to invest $10,000, $50,000, $100,000? If I don't sell it, these bitcoins could be worth hundreds of millions of dollars. However, I don't know what I would have done if I had made that decision in the first place. ”（CoinDesk）

🔥 SOL上涨突破130美金,24小时涨幅 18.56%,创2022年5月 以来新高 🔥 ✨ Solana代币在过去一年上涨了350,部分原因是几次大型代币Airdrop。 ✨ 2 月 6 日的网络中断并没有阻止 Solana 的上涨,此后上涨了 20% ✨ Solana 在过去一年中上涨了390%,Non-fungible Token市场交易量接近竞争对手Ethereum。 部分分析师和专家共享了2024年Solana的驱动力: ⭐️ Max Shannon of CoinShares CoinShares 分析师 Max Shannon 表示,"Solana 仍然是加密货币的宠儿",尽管它在 February 年初的中断后遭受了打击。 Shannon 表示,与竞争对手Ethereum的"混合或链下"订单簿相比,新的订单簿功能将提供更好的用户体验、更好的协议资本效率和更高的transparency,从而"极大地[改善]用户体验"。 ⭐️ Kel Eleje of Messari 他指出,自 Solana 推出以来,中断次数总体减少,网络速度显有提高。 自 2021年以来,Solana's 秒秒交易策略增加近五倍,从 200 笔增加到 900 笔,远远快于Ethereum每秒 12 笔交易或Bit币每秒 7笔交易。 "趋势是favorable," Eleje 说。 ⭐️ Raoul Pal of Real Vision Pal 在接受采访时表示,Solana 的价格将升至 750 美元至 1,000 美元之间,并将最终成为加密货币领域的第三大代币,仅次于Bit币和Ethereum。 他说,与其他两种加密货币相比,"它的表现相对优异"。 ⭐️ VanEck 10 月份,ETF 提供商 VanEck 给出一个估值情景,预计到 2030 年,Solana 的价格将高达 3,211.28 美元,最低到10 美元。 VanEck said, "By 2030, the probability of Solana hosting most of the world's crypto transactions is lower than that of Ethereum. ”

 (来源coinlive, 内容有删reform, 仅 represents the author 观点)

Raoul Pal, a former Goldman Sachs executive, said on the X platform that ETH/BTC is about to break through the diagonal resistance level of a huge wedge on the weekly chart. As you can see from the chart, ETH/BTC has broken out of the descending channel and may break out of the years-long falling wedge pattern, and the bullish trend is about to reverse. At the same time, other analysts are also starting to be bullish on ETH. Jan Happel and Yann Allemann, founders of Glassnode, recently said that the sudden rise in ETH/BTC indicates that ETH itself and other substitute Tokens are about to soar. Mark Yusko, CEO and founder of Morgan Creek Capital, believes that if BTC hits $150,000, then ETH could reach the $15,000 level. （dailyhodl）

Raoul Pal, a former Goldman Sachs executive and founder of Real Vision, a macro research institution, said in an interview that in 2024, there is a 60% chance that the BTC price will reach $100,000 to $200,000.

Raoul Pal, a former Goldman Sachs executive and founder of Real Vision, a macro research institute, said on social media that there are two things to be thankful about. 1. Bitcoin — the best-performing asset of all time, growing by 275,000% since 2013. 2. Total Crypto Market Cap – The best-performing asset class of all time, with the entire asset class up 44,000% since 2015. But if you want to say that this is a speculative scam driven by zero interest rates, which are now 5.5%, cryptocurrencies are once again the best performing asset class on the planet, and it will grow exponentially over time.

Raoul Pal, a former Goldman Sachs executive and founder of real vision, a macro research firm, said that the increase in the M2 money supply could push cryptocurrencies into another bull rally and help it outperform traditional markets. As the M2 supply increases, Bitcoin's price is on the verge of decoupling from traditional markets, as has historically been, as evidenced by the spikes in BTC performance in 2021, 2017, and 2014. Over the past decade, the price of Bitcoin has risen sharply due to the rapid growth of the money supply (M2) due to falling interest rates, quantitative easing, and fiscal stimulus. On the contrary, the crypto market has struggled to gain bullish momentum during the central bank's tightening of monetary policy. The 2021 bull market coincided with a 6% or higher increase in the total M2 money supply of the Federal Reserve, European Central Bank, Bank of Japan and People's Bank of China.

News on October 20, Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, said in a social media post that I have been very optimistic about SOL this year. SOL is about to test the large reverse head-and-shoulders pattern at $30 and once confirmed (breakout), the next major resistance level could be $50. But it feels as if SOL will lead us from the crypto spring to the crypto summer in 2024.

Raoul Pal, a former Goldman Sachs executive and founder of Real Vision, a macro research institution, said on the X platform: "I have been very optimistic about SOL this year. SOL is about to test the large reverse head-and-shoulders pattern at $30 and once confirmed (breakout), the next major resistance level could be $50. ”

Bloomberg crypto analyst Jamie Coutts CMT commented on macro investor and Real Vision CEO Raoul Pal's tweet that agreeing with Raoul Pal that the market is too bullish on ETFs in the short term. They do establish an investment gateway for the cryptocurrency economy, but I think the integration of stablecoins has more to do for developing adoption and utility. Raoul Pal, a macro investor and CEO of Real Vision, said on social media that BTC and ETH ETFs are not a panacea for massive inflows when talking about mental models (see previous tweets on artificial intelligence). The way they are considered is that they are trade agreements between the crypto economy and the Tradfi economy that allow new FDI (foreign direct investment) into the crypto economy. Foreign direct investment will pour into the cryptocurrency economy only when investors are convinced that the return on investment will increase.

Raoul Pal, a macro investor and CEO of Real Vision, said that when talking about mental models (see previous tweet on artificial intelligence), BTC and ETH ETFs are not a panacea for large-scale inflows. The way they are considered is that they are trade agreements between the crypto economy and the Tradfi economy that allow new FDI (foreign direct investment) into the crypto economy. Foreign direct investment will pour into the cryptocurrency economy only when investors are convinced that the return on investment will increase. Basically, the valve opens only when FOMO starts. Although cryptocurrencies are the best performing asset this year, it is still too early. So, ETFs may have been slow to get off to a slow start in terms of demand, but when we look back in 24 months, about $20 billion or more of FDI will flow into the economy and create hundreds of billions of dollars of value for digital assets through a multiplier effect.

Golden Finance reported that Raoul Pal, a macro investor and CEO of Real Vision, said that the halving is about to happen. He firmly believes that despite the hype surrounding the halving, macro factors will play a leading role in triggering the next uptrend. Pal said that the Bitcoin halving cycle is consistent with the macro cycle, which means that every halving to date has occurred in a similar macroeconomic environment: monetary expansion and low interest rates. Macro is actually the dominant factor and the halving is a false narrative, but it doesn’t matter because it is still valid. The main catalysts favoring cryptocurrencies next year include central bank interest rate cuts and possible fiscal stimulus ahead of the US presidential election. The next cryptocurrency bull run will likely begin in the second quarter of 2024, when Bitcoin prices will increase.