Former Goldman Sachs Executive Says ‘Clear’ Bull Trend About To Manifest for Crypto and Technology Stocks
Real Vision founder and macro expert Raoul Pal is doubling down on his stance that crypto and tech assets are setting up for explosive bull runs.
Pal tells his 995,000 Twitter followers that the Nasdaq, which indexes mainly technology companies, is an example of a nonstop macro uptrend that always catches traders off guard.
Pal’s chart suggests the Nasdaq 100 index (NDX) is trading well at a discount and likely destined for much higher prices.
“The biggest and most persistent macro trend on Earth is the one that gets the most pushback from many…
The Exponential Age of technology.
It can’t be clearer (NDX).”
The former Goldman Sachs executive also says that Bitcoin (BTC) is another example of a clear uptrend in innovative technology.
“…It really can’t be clearer (BTC):”
The secular bull trend in technology, which Pal calls “The Exponential Age” will, according to him, be partially led by crypto assets.
“Remember in ‘The Exponential Age’ thesis, assets with a secular adoption trend (crypto and tech) outperform the global liquidity cycle and ALL other assets…
There will be corrections and all dips are to be bought.”
Besides Bitcoin, Pal has previously called for a new leg higher for Ethereum (ETH) rival Solana (SOL)
“Solana looks like it’s getting ready to make its next move higher after a period of consolidation following the inverse head and shoulders breakout in April. Solana was a big bet at GMI (Global Macro Investor) this year and is up nearly 150% year-to-date…”
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Featured Image: Shutterstock/Bay.Hermawan/Natalia Siiatovskaia
