Raoul Pal, prominent investor, macro economist and Real Vision platform CEO, says nothing special in current crypto price drop
While more and more cryptocurrency traders and analysts are sharing bearish views on the current market phase, Raoul Pal sees nothing to worry about. He also shared his views on meme coin performance and unveiled whether his Solana bags are underwater.Despite the net crypto capitalization being 5% down in the last 24 hours, there is literally nothing happening in the markets, economist Raoul Pal says to his 1 million followers on X.
He added that the pessimism on this market is nothing but"noise." Pal's statements were echoed by BitMEX founder Arthur Hayes. As covered by U.Today previously, Hayes calls the current days"shopping time."When asked about the performance of his Solana positions, the Real Vision CEO admitted that it entered the asset at $30. As such, he must be enjoying 400% profits even after Solana lost over 20% in five days.
However, as covered by U.Today previously, some voices of Crypto Twitter do not share the enthusiasm of Pal and Hayes. For instance, trader Henrik Zeberg said that we might be two months short of the largest collapse since the 1929 Great Depression.He"lifted the deadline" for the major macro top to this October. Also, a number of prominent traders insist that we will not see new highs for Bitcoin in the next four years.
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