Economist: BTC, SHIB, Altcoins Will Crash! See This

The expert said that global markets, including cryptocurrencies such as BTC and SHIB, are locked in mass liquidation. Here are the details…
 Economist: BTC, SHIB, Altcoins Will Crash!  See This
READING NOW Economist: BTC, SHIB, Altcoins Will Crash! See This

Macroeconomic expert Raoul Pal said that global markets, including cryptocurrencies such as Bitcoin (BTC) and Shiba Inu (SHIB), are locked in a mass liquidation phase and do not expect a return in the short term. Here are the details…

Raoul Pal predicts decline in BTC, SHIB and altcoins market

In a recent interview with Real Vision, Pal says that no matter what’s in your portfolio, “more pain is next” next. For now, Pal cites the US dollar as the only asset that can remain strong. He states that the market is currently “ugly”, that it has to deal with inflation and slowing growth in order for the market to digest current prices. Pal uses the following phrases:

The market has to deal with inflation plus slowing growth, which basically means everybody hits the liquidation button. So everything is liquidated. […] Everything from crypto to pretty much everything is taking a hit, and it is the dollar that stops first and foremost. Because it’s kind of a safe haven… That’s why people get a big purge when they’re struggling with their portfolios because basically whatever position you hold is wrong. But that’s the pain everyone will have to suffer for a while.

Will things get better?

Pal forecasts that both inflation and growth will fall at the same time in the coming months. If his prediction comes true, growth stocks, gold and crypto could ultimately benefit, Pal says. I think gold is pretty good. Interestingly, gold and growth stocks tend to perform poorly as real rates begin to tighten. But they’ve reached zero, and the world seems to be falling apart as the central bank tries to engage in quantitative tightening. If that’s the case, the real odds turn negative again. If I’m right, that’s usually good for things like gold, crypto, and bad for anything people are into like stocks of commodities.

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