Raoul Pal, a former Goldman Sachs executive, believes that the crypto markets could experience a parabolic surge in the near future. He draws comparisons to the 2015-2016 bull market, which saw the entire space rally by over 700% in a matter of months.
Pal suggests that a crisis is looming, and the Federal Reserve will have no choice but to introduce bailout packages. He predicts that the crisis will give the Fed an excuse to reverse its hawkish stance and provide liquidity to pay for the US national debt.
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