Crypto News
| Published On Dec 15, 2021 5:48 pm CET  |  Updated on Dec 25, 2021 6:25 pm CET | By Peter Siu

Macro Guru Raoul Pal Provides his Crypto Outlook And Says He “Is Not A Guru”

Share

After his latest update on his Real Vision YouTube Channel, former Goldman Sachs executive Raoul Pal is giving his outlook on the months ahead after the recent rollercoaster weeks in crypto.

Speaking to his 828,000 followers on Twitter in a long thread, the macro guru provides his take on what has recently been going on in the crypto space and gives some key takeaway advice for those that want to hear.

According to Pal, “the game hasn’t yet changed” and there has been a lot of “position squaring and rebalancing” happening after a “good year of owning risk”.

Although prices have experience a setback to their May 2021 levels, Pal asserts that further mainstream adoption is imminent with a lot of new and innovative projects entering the space. He tweeted:

5BTC or 111% + 111 Free Spins!
New players only. Exclusive 111% Welcome Bonus + 111 Free Spins
Casino

“But we haven’t seen a blow off top with record participation. We have seen speculation of some size in NFT’s but that is mainly people who already have ETH and have profits to burn.

Funds will be allocating fresh p&l and new mandates in Q1 and if that drives prices sharply higher, it will bring record new wallets etc and long term holders will begin to put coins on exchanges to top slice.”

He continued:

“Remember – digital assets overall have gone nowhere since May unless you were lucky to nail a pump. But the rally from the July low has seen most digital assets well below their highs. But meaningful institutional adoption is underway, along with exponential new use cases”

250% Extra + $125 Free Chip!
New players only. 250% on 1st Deposit + $125 Free Chip
Casino

Looking ahead, Pal did remind investors to remain mindful and vigilant. The Real Vision CEO said that volatility will remain a factor and new highs will likely be followed by relative lows.

“Sit tight, add on dips and if we see another sharp rise in the entire space, reduced your more speculative holdings and rotate to higher quality. Also don’t follow the pump. By the time you get in it’s too late. Be diversified in the small stuff”

Pal reassured:

“Most of all, don’t get stressed by shorter term moves if you are playing the long game. If it stresses you, you are too big and it matters to your overall life plans too much. We all have a lot riding on this but you can’t weep if it goes down 50% and chops for a year”

He concluded with a list of crypto assets he believes are worth to keep a close eye on in 2022, not discounting 2021’s trending project, NFTs:

“If you want to use leverage, add small premiums in options that you can write off. Layer 1’s of BTC, ETH, Luna, AVAX and SOL are the better core holdings. NFT’s are most speculative but are also innovating fast so have a bit of that too.”

250% Extra + $125 Free Chip!
New players only. 250% on 1st Deposit + $125 Free Chip
Casino

Pal’s disclaimer could not go unnoticed as he ended his 2022 forecast saying “he is not a guru“:

Over the last 24 hour, of Raoul Pal’s picks, Bitcoin is up 0.28%, Ethereum is down 2.39% and LUNA lost 6.80%. AVAX and SOL have done better on the day with 11.47% and 1.36% gains respectively according to CoinMarketCap data.

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.