dailyhodl.com
Former Goldman Sachs executive Raoul Pal thinks the global liquidity cycle will drive crypto prices higher.
In a new YouTube video, Pal tells his 703,000 subscribers that there are currently macroeconomic sources of liquidity “everywhere,” including upcoming monetary policy choices from the U.S. Federal Reserve.
The Real Vision chief executive also notes that global liquidity increases in “crypto macro summers.”
“Obviously [in] 2020 it went bananas because of the pandemic. But 2016, 2012 – these were good periods for liquidity. And guess what? Crypto, technology, they all rose. Then you get into fall – fall is often when the real fireworks happen. Liquidity keeps pumping and eventually tops out into winter. That’s when you get the corrections, the crypto down cycles. So we’ve got the best two parts of the cycle to come.”
Pal says he’s “pretty much 100%” invested in Solana (SOL) right now, plus a few small memecoins and “other bits and pieces.”
“The Solana/Bitcoin cross chart [and] the Solana/ETH cross chart look so compelling that I’m like, ‘If my job here is to make as much money as possible, I’m just going to own the thing that I think is going to go up the most.'”
Solana is trading at $160.33 at time of writing and is up 13.5% in the past 24 hours.
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