559: HERE’S HOW BITCOIN AND ETHEREUM WILL PERFORM FOR THE REST OF THE YEAR, ACCORDING TO MACRO GURU!!
Manage episode 291342365 series 2835096
Macro guru and crypto veteran Raoul Pal is pulling back the curtain on how he believes Bitcoin (BTC) and Ethereum (ETH) will stack up against other asset classes this year.
In a new tweetstorm, the former Goldman Sachs executive reiterates his theory that Bitcoin is a “super massive black hole,” which posits that the crypto markets will continue to suck capital out of every other major asset.
“My theory is that no investment will beat crypto this year and it will suck in more and more capital. Like it or not, this is the single most superior trade of the last 12 months and one of the great trades ever. BTC is up +1,386% from the low in March 2020 and ETH is up +2,985% from the low in March 2020."
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