Raoul Pal, who ran European hedge-fund sales at Goldman Sachs before founding Real Vision, has rejected claims that money is fleeing crypto for technology stocks. He says the data tell a different story.
His pushback came as US equities slipped at Wednesday’s open, pressured by fears of a hawkish Federal Reserve and stalled Iran-US talks.
Why Raoul Pal Is Pushing Back on the Crypto Doom Narrative
Pal challenges the crypto is finished narrative, rejecting the sentiment that capital now favors AI and chip makers.
To back the claims, he measures returns from the 2022 liquidity-cycle low, when the FTX collapse drove Bitcoin near $15,700 in November.
From that…
