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Crypto Spring Is Here: A 2023 Macro/Crypto Outlook w/ Kevin Kelly

Raoul Pal: Real Vision

00:00

Cryptocurrency and the Drawdown Cycle

I think the market has priced this. It kind of knows the recession. I mean, there's literally not a person in the world who doesn't know that right now. The question is, okay, if liquidity does change, how does this play out? And I looked at previous times and it depends. ETH is very closely following Bitcoin 2013. If that's the case now, then we could get a bigger spike and then a correction. We saw 200 plus percent price appreciations in a relatively quick period. But then you hit this kind of point where buyer exhaustion caught up to the market.

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