TechFlow news: Raoul Pal, former Goldman Sachs executive and CEO of Real Vision, explains his bullish stance on crypto assets.
During a YouTube AMA session, the macro expert said blockchain technology gives users and investors the opportunity to directly own and operate a portion of networks, rather than only gaining exposure through purchasing stocks of related companies as in other systems.
In a digital world, Pal noted that blockchain enables scarcity and prevents unlimited expansion of any asset. According to him, the cyclical pattern in the crypto market could be larger than the typical cycles associated with technology stock markets.
"In the digital world, we need to transfer, record, and store value—and value is increasingly becoming digital. Blockchain allows you to create scarcity within the digital realm. The crypto cycle could be bigger because you actually own a share of the entire network itself."
