Former Goldman Sachs Exec: Bulls To Come For Crypto And Tech Stocks

An important former Goldman Sachs exec said that we could expect bulls to come for the tech stocks and the crypto markets. Check out the latest reports about this below.

The founder of Real Vision and macro expert, Raoul Pal, is reinforcing his belief that crypto and tech assets are poised for significant bullish trends.

Pal is sharing with his 995,000 followers on Twitter that the Nasdaq, which primarily indexes technology companies, serves as an illustration of a consistent macro uptrend that consistently takes traders by surprise.

According to Pal’s analysis, the Nasdaq 100 index (NDX) is currently trading at a discount and has the potential to reach much higher prices in the future.

“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).”

According to the ex-Goldman Sachs executive, Bitcoin (BTC) is another prime example of an upward trend in innovative technology.

“…It really can’t be clearer (BTC):”

According to Arthur Hayes, the founder of BitMEX, the macroeconomic conditions seem to be turning in favor of Bitcoin (BTC).

In a recent episode of the “What Bitcoin Did” podcast, a knowledgeable cryptocurrency expert expressed their opinion that the government’s reaction to a debt deadline crisis usually entails delaying until the very last minute before increasing the limit.

According to Hayes, lawmakers will likely use the debt ceiling crisis as an opportunity to get what they want from their political rivals.

“Usually what happens is they delay, delay, delay… Then you know, they get to the date… The market starts tanking, and then they get religion and [say] ‘Okay, yeah, sure, we’re just going to raise the debt ceiling.’”