Raoul Pal Says 'Young, Volatile' Bitcoin Is Tracking Global Liquidity: 'Nothing Is Broken'
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AI-Powered 50% FREE-ANALYSIS-RULE-BASED-ANALYSISAnalysis of Bitcoin market analysis, cryptocurrency market trends showing neutral sentiment.
Article Context
Macro investor Raoul Pal said on Monday that Bitcoin (CRYPTO: BTC) and the Nasdaq Composite are primarily driven by “global liquidity” rather than the usual day-to-day narratives of earnings, news, or sentiment. ‘Bitcoin is Not Broken’ In an X post, Pal cited Bitcoin at 87% correlation to global liquidity and the Nasdaq Composite index at 97%. “These assets are not really trading on earnings, or news, or whatever the story of the week is. They’re tracking the amount of money in the system,” the
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Analysis of Bitcoin market analysis, cryptocurrency market trends showing neutral sentiment.
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Short Term
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