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Raoul Pal believes that the next bull cycle is going to be driven by the whales.
What is a whale?
Whales are institutional and sophisticated investors. Think: Asset managers, hedge funds, family offices, sophisticated investors or extremely high net worth individuals.
A whale doesn’t invest in thousands. They allocate in tens of millions, hundreds of millions or billions.
Already we are getting whisperings that the whales want in. BlackRock, Fidelity & Valkyrie are all racing to be the first to a spot Bitcoin ETF.
Raoul believes that the entire market cap of crypto is going to $10+ trillion in the next bull market. It’s currently at $1 Trillion meaning Raoul, thinks it will at LEAST 10 X.
He argues that not only are whales coming for next bull market cycle, but that they are necessary.
Why?
For crypto to continue its break-neck speed of adoption, it doesn’t need billions of dollars to enter the space, it needs TRILLIONS.
Retail investors (people like you & me) simply don’t have enough capital behind them to drive up markets.
But the whales do.
Make sure to stick around to the end of the video where Raoul breaks down what is going to drive the whales into the market.
CREDITS:
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“NO ONE Is Telling You THIS About Crypto” Raoul Pal NEW Bitcoin Prediction 2023