The former Goldman Sachs executive tells his 996,400 Twitter followers that crypto will likely see new all-time highs in what he calls the “Exponential Age,” a time of massive growth of tech and digital asset innovation along with widespread network adoption.
“It certainly feels like The Exponential Age is playing out and remains one of the most hated rallies since 2009. This is likely to be a multi-year, exponential move in tech and crypto.
However, at some point soon we will see a correction and some sideways action in tech but I’ve no idea when. At some point too, crypto, which led this move, will begin its next phase higher.
Then The Everything Code will kick in as debt interest payments get monetized and banks get probably bailed out later in 2024 and 2025.
That debasement (not liquidity) is the easy part when it starts and is when asset prices go into hyperspace.
Early days still.”
Pal defines the Exponential Age as the simultaneous explosion of recent tech advancements accompanied by use cases with high adoption.
“Right at the same time that we’ve got the revolution of digital value and money… we’ve also got the electric vehicle (EV) and green energy revolution, the digitization of emerging markets, the Internet of Things, virtual reality, wearable technology, biotech, 3D printing, autonomous vehicles, robots, AI industry, distributive computing, 5G and 6G and space WiFi – all rolling out in the next five years. That is unbelievable…
We’re going to hit Metcalfe’s law on every one of these in the next five years. And yes, there will be ups and downs and there will be bubbles and booms and busts. But we’re going to see the largest group of things in an exponential trend than we’ve ever seen before. It’s a new era. It’s the Exponential Age. And it is going to be a golden age of opportunity.”
Pal also dismisses the recent crypto market dip and regulatory headwinds as nothing but “noise.”
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The post Macro Guru Raoul Pal Predicts ‘Exponential Move’ for Crypto Over the Long Term, Says Current Selloff Is Noise appeared first on The Daily Hodl .
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