The post Cryptocurrency Market Have Reached Their Bottom Says Raoul Pal appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto GuideOn August 14, Bitcoin (BTC) surged beyond $25,000 for the first time in months, but traders were reluctant to bet on a bull run.
Raoul Pal, a macroeconomic expert, asserts that he is extremely confident that the crypto markets have reached their bottom.
Pal predicts that changes to the macroeconomic environment would first affect enterprises, then the labor market.
Due to the economy’s slowdown and the impact of inflation on disposable income, those inventories are currently unsold.
Pal emphasizes that while there is negative news for the economy, there is positive news for the financial markets.
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