"It's OVER For Crypto In The U.S" Raoul Pal's WARNING
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"It's OVER For Crypto In The U.S" Raoul Pal's WARNING
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For those that follow Macro Investor Raoul Pal, you would know he’s notoriously bullish on the crypto currency space and refers to himself as ‘irresponsibly long’ on the industry. However, in a recent interview Raoul sounded the alarm bells on what could be the beginning of the end of the US Crypto market.
Within his most recent ask me anything, Raoul, warned that the current crypto boom could abruptly end due to the mismanagement and failings of the U.S Regulatory bodies surround crypto - namely the SEC and CFTC. Just today, Coinbase came out with a video appealing & pleading to officials for any regulatory clarity surrounding cryptocurrency and digital assets, citing a potential move to the U.K if things don’t improve.
However, Raoul argues although it is the beginning of the end for Crypto in the United States, it will not spell the end for crypto globally - at this point, it’s rise is exponential and unstoppable.he points out that the U.K or other European countries will pick up the regulatory arbitrage with more favourable and transparent regulation, encouraging crypto innovation and capital to move to their borders.
Currently the U.K has a much more welcoming approach towards digital assets, with regulatory frameworks in place to facilitate crypto business’s growth. Thus, Coinbase’s interest in moving shores. Make sure to stick around to the end of the video where Raoul breaks down how as we move forward into 2023, the upcoming weeks will serve as a key indicator for the direction of the cryptocurrency industry.
About Raoul Pal:
Raoul Pal is a co-founder of Real Vision, a financial media company offering in-depth video interviews and research publications from the world's best investors. Prior to starting Real Vision, Raoul ran a successful global macro hedge fund.
To Follow Raoul on Twitter to see all his latest updates: https://twitter.com/RaoulGMI
To sign-up to Real Vision (Strongly Recommended!) Check them out here:
https://www.realvision.com/
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