Former Goldman Sachs executive Raul Pal believes the global liquidity cycle will drive crypto prices higher.
In a new YouTube video, Pal tells his 703,000 subscribers that sources of macroeconomic liquidity are currently “all over the place,” including future monetary policy choices by the U.S. Federal Reserve. I'm telling you that.
RealVision's CEO also points out that global liquidity will increase during the “crypto macro summer.”
“clearly [in] 2020 has been a tough year due to the pandemic. But 2016, 2012 were good times for liquidity. And guess what? Cryptocurrency, technology, they all went up. Then autumn begins. In the fall, there are often real fireworks displays. Liquidity continues to rise and eventually reaches its peak heading into winter. That's when we get a fix and cryptocurrencies downcycle. So, two of the best parts of the upcoming cycle await. ”
Pal said he is currently invested “almost 100%” in Solana (SOL), as well as a small amount of meme coins and “other bits and pieces.”
“Solana/Bitcoin cross chart” [and] The Solana/Ethereum cross chart looks very attractive, so I thought, “If my job here is to make as much money as possible, I just own what I think will rise the most.” I am. ”
Solana is trading at $160.33 at the time of writing, up 13.5% in the past 24 hours.
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