2024

Vision

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/positive-catalysts-for-cryptocurrencies-in-2024/" data-wpel-link="internal">Positive Catalysts for Cryptocurrencies in 2024</a><br></p>
<p style="text-align: justify">Former Goldman Sachs executive Raoul Pal has announced his belief that there will be two positive catalysts for <strong>cryptocurrency</strong> currencies in 2024. In his statements on YouTube, the CEO of Real Vision suggested to SkyBridge Capital’s founder Anthony Scaramucci that upcoming stimulus packages in the US and around the world will boost the cryptocurrency industry.</p> 
<h2 id="optimistic-outlook-for-cryptocurrencies">Optimistic Outlook for Cryptocurrencies</h2> 
<p style="text-align: justify">According to Real Vision CEO Raoul Pal, politicians tend to distribute stimulus packages during elections, which could lead to higher inflation and, consequently, higher prices for <strong>cryptocurrency</strong> currencies. The expert stated the following:</p> 
<blockquote> 
 <p style="text-align: justify">We see China in economic turmoil, and there’s a complete debt deflation happening. An aging population, high debts, everything is exploding, they will probably stimulate more. Europeans will likely give more stimulus, and eventually, the US will stimulate more because they need growth to cover these interest costs. So, the probability of our <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">money</a> losing value is high. Asset prices will rise, but our wages won’t, which is a big problem. Thus, our future selves are getting poorer because we can’t afford so many assets and there’s a massive wave of debt that needs to be refinanced. This is normally a very positive foundation for <strong>crypto</strong> currencies. Plenty of liquidity, and liquidity is what drives all markets.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-313535 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/pal.jpg" alt="" width="876" height="378"></p> 
<h2 id="the-impact-of-inflation-on-cryptocurrencies">The Impact of Inflation on Cryptocurrencies</h2> 
<p style="text-align: justify">Raoul Pal likened the devaluation of currency through inflation to paying a hidden tax, as it deprives investors of the power to purchase assets due to rising costs. He finally said the following:</p> 
<blockquote> 
 <p style="text-align: justify"><strong><a href="https://en.coin-turk.com/grayscale-wins-the-case-bitcoin-price-rises/" data-wpel-link="internal">Bitcoin</a></strong> price continues to rise. Because they are devaluing the currency. What devalues the currency sounds like a complicated economic term, but essentially, it means taking away your power to buy assets. Since 2008, it’s been an average of 15% per year. So you’re losing 15% of your asset purchasing ability every year. That means every year, you’re sitting on a pile of money and not buying a house, that house is roughly increasing by 15% annually. If you sit on cash for two years or have no savings, it’s getting progressively more expensive. What they’re actually doing is taxing you. But they disguise it like socializing all these costs.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/positive-catalysts-for-cryptocurrencies-in-2024/" data-wpel-link="internal">Positive Catalysts for Cryptocurrencies in 2024</a></h5>

Positive Catalysts for Cryptocurrencies in 2024

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