Macro Guru Raoul Pal Says Crypto Bull Run Could Depend on This Aspect of Digital Assets Industry

Former Goldman Sachs executive Raoul Pal believes that the success of the crypto market’s bull run will depend on two key factors. In an interview with Anthony Pompliano, Pal stated that an increase in real-world use cases for blockchain technology could fuel the market’s growth. He also pointed out that the re-engagement of past digital asset holders could play a significant role in boosting bullishness. Pal highlighted the vast potential for growth, citing the fact that out of the 110 million Coinbase accounts, only nine million were active six months ago. He predicted that as more people return to the market, driven by their interest and overcoming any past trauma, a significant influx of money could occur. Additionally, Pal expressed optimism about the applications layer of blockchain, expecting it to bring in a wide range of use cases, including NFTs, smart contracts, and real-world assets. Ultimately, he suggested that the level of progress made in the applications leg of blockchain will determine the overall success of this cycle, with the potential for a rebalancing if progress is limited.