Raoul Pal believes that now the crypto market only simulates the bullish cycle that was in 2015 – 2016. In 2019, the market also began to grow and for a certain time showed a 300% jump. Later, it experienced a large-scale decline, but then grew by more than 700% in a short time. Therefore, Pal is optimistic and believes that it is time to buy bitcoin, which he talked about back in June.
Investors should expect confusion in the banking sector, the CEO of Real Vision is sure. Interest rates are getting out of control, their growth and an inverted yield curve will inevitably lead to the intervention of the US Federal Reserve System (FRS), the businessman insists. Along with the banking crisis, the real estate crisis continues, which may also prompt the Fed to take action.