Popular macroeconomic expert Raul Pal, thinks the world is going through a nasty recession period but remains confident that Bitcoin and crypto will be a viable investment class in the long term.
“My macro view is that we’re in recession, it’s going to be pretty nasty.
The Fed shouldn’t have done what they did but the bond market tightened for them anyway – the Fed didn’t actually do it, the bond market did it all. The Fed are going to have to unwind this mess, but it could get messy at first.
Using all the technical indicators that I look at, my view is if we are going to reach a proper bounce or a low, it happens in June. So we’ve got between now and June for everyone to freak out.”
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