Renowned for his accurate predictions, the expert commentator has once again brought cryptocurrencies into focus. The macro guru is anticipating the biggest of them all. Cryptocurrency markets have suffered a great deal in the ongoing bear markets. Bankruptcies, cyber attacks, unprecedented rapid interest rate hikes, regulatory pressures, and dozens more have plagued the space. But now that the worst-case scenarios have materialized, it might be time to bounce back from rock bottom.
Macro Guru on Cryptocurrencies
Real Vision CEO Raoul Pal predicts a substantial upward movement for the crypto market in the coming years. The former Goldman Sachs executive addressed approximately 1 million investors. Here, he told his followers that in what he calls the “Exponential Age” – a period of colossal growth in technology and digital asset innovation along with widespread network adoption – crypto will likely see its highest levels of all time.
We are definitely in the Exponential Age, and it continues to be one of the most hated rallies since 2009. This will likely be a multi-year, exponential move in technology and crypto. However, we will see a correction soon, and some sideways movement in technology, but I have no idea when. At some point, crypto, leading this move, will start its next phase even stronger. Great things will happen as debt interest payments are monetized and banks are likely to be rescued around 2024 and 2025. This is the easy part when devaluation (not liquidity) begins, and asset prices skyrocket to hyper-space. It’s still early.
The Future of Cryptocurrencies
Pal defines the Exponential Age as a simultaneous explosion of latest technology developments accompanied by high adoption rate use cases. We see exciting developments in many areas. Artificial intelligence is now much more integrated into our lives. New examples of how NFTs can be used in real life are emerging. Governments are beginning to regulate cryptocurrencies.
The Macro Guru expects much more.
There will be an electric vehicle and green energy revolution, digitalization of emerging markets, Internet of Things, virtual reality, wearable technology, biotechnology, 3D printing, autonomous vehicles, robotics, artificial intelligence industry, 5G and 6G, and space WiFi revolution, all at the same time as the digital value and money revolution within the next five years. This is something incredible… Within the next five years, we will hit Metcalfe’s law in each of these. And yes, there will be ups and downs, bubbles, busts, and crashes. But we will see a larger group of things than we have ever seen before in an exponential trend. This is a new age. The Exponential Age. And it will be a golden age of opportunity.
