2024

United

Bitcoin

<p>The crypto market could benefit from two favorable factors in 2024: global stimulus plans and inflation. Raoul Pal, a former Goldman Sachs employee and CEO of Real Vision, explains how these factors could boost cryptocurrencies.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Positive Catalysts for Cryptocurrencies in 2024 <a href="https://t.co/OMzGgZ1AxA" rel="noopener noreferrer nofollow">https://t.co/OMzGgZ1AxA</a></p>— COINTURK NEWS (@Cointurknews) <a href="https://twitter.com/Cointurknews/status/1756726532041572355?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 11, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption">
  Positive catalysts for crypto in 2024
 </figcaption>
</figure>
<h2 id="h-optimistic-outlooks-for-crypto">Optimistic outlooks for crypto</h2>
<p>According to Raoul Pal, cryptocurrencies could benefit from two positive catalysts in 2024:</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<ul>
 <li><strong>global stimulus plans,</strong></li>
 <li><strong>inflation.</strong></li>
</ul>
<p>Increasing public spending, cutting taxes, easing credit… Stimulus plans are measures taken by governments to support the economy in case of a <a href="https://www.cointribune.com/en/finance-explosion-of-the-us-debt-a-golden-opportunity-for-crypto/" target="_blank" rel="noopener noreferrer nofollow">crisis</a>. They aim to stimulate growth, consumption, and employment.</p>
<p>However, these stimulus plans come at a cost. They increase public debt and may cause inflation.</p>
<p><a href="https://en.coin-turk.com/positive-catalysts-for-cryptocurrencies-in-2024/" target="_blank" rel="noopener noreferrer nofollow">Raoul Pal </a>believes that stimulus plans will be particularly important in 2024 due to elections in several countries, such as the United States, China, or Europe. According to him, the stimulus plans will lead to <strong>an increase in inflation</strong>. This will devalue traditional currencies and favor cryptocurrencies.</p>
<h2 id="h-the-impact-of-inflation-on-cryptocurrencies">The impact of inflation on cryptocurrencies</h2>
<p>Raoul Pal compares currency devaluation through inflation to a hidden tax that deprives investors of the ability to purchase assets. According to him, crypto represents <strong>a solution to protect against <a href="https://www.cointribune.com/linflation-un-casse-tete-pour-la-fed/" target="_blank" rel="noopener noreferrer nofollow">inflation</a></strong>. The reason is that it offers a limited supply and cannot be manipulated by authorities.</p>
<p>He uses the example of Bitcoin, which has seen a significant price increase in recent years. The <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> moved from a few dollars to several thousand dollars. He thinks that this performance is due to the fact that Bitcoin is a rare currency, which cannot be created at will (unlike traditional currencies).</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>Raoul Pal adds that <strong>Bitcoin is also a universal currency</strong>. This crypto can be used anywhere in the world, without going through banks or governments.</p>
<p>Raoul Pal therefore believes that crypto currencies are <a href="https://www.cointribune.com/ces-cryptomonnaies-pourraient-avoir-un-potentiel-de-hausse/" target="_blank" rel="noopener noreferrer nofollow">the future of finance</a>. They offer more freedom, security, and transparency to users.</p>

Crypto: “2024 could be a decisive year,” says Raoul Pal

Table of Contents

Cointribune EN

Άλλα άρθρα που δημοσιεύτηκαν στις 15 Φεβ 2024

Future Looks Bright For Crypto In Indonesia: Pro-Blockchain VP Takes Office

Palm Collective Gives Creators Opportunity to Showcase Work at NFT Paris Exhibition

XRP Makes Huge Jump, Achieves $1.6 Billion Trading Volume in 24 Hours

Legal showdown as Debt Box takes on SEC’s strategic maneuver

Ethiopia makes data center deal with Hong Kong company, may start mining

Is Cardano the Next Big Thing in Stablecoin Growth?

Join our free newsletter for daily crypto updates!