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

Thu 15 Feb 2024 ▪ 3 min of reading ▪ by Ariela R.
Getting informed

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.

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Positive catalysts for crypto in 2024

Optimistic outlooks for crypto

According to Raoul Pal, cryptocurrencies could benefit from two positive catalysts in 2024:

  • global stimulus plans,
  • inflation.

Increasing public spending, cutting taxes, easing credit… Stimulus plans are measures taken by governments to support the economy in case of a crisis. They aim to stimulate growth, consumption, and employment.

However, these stimulus plans come at a cost. They increase public debt and may cause inflation.

Raoul Pal 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 an increase in inflation. This will devalue traditional currencies and favor cryptocurrencies.

The impact of inflation on cryptocurrencies

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 a solution to protect against inflation. The reason is that it offers a limited supply and cannot be manipulated by authorities.

He uses the example of Bitcoin, which has seen a significant price increase in recent years. The BTC price 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).

Raoul Pal adds that Bitcoin is also a universal currency. This crypto can be used anywhere in the world, without going through banks or governments.

Raoul Pal therefore believes that crypto currencies are the future of finance. They offer more freedom, security, and transparency to users.

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Ariela R. avatar
Ariela R.

Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n'ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c'est un univers qui m'intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.