Famous Economist’s Prediction That Will Upset Crypto Investors: ‘The Stock Market Crash Could Affect Cryptocurrencies’
April 26, 2022
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famous economist Raoul Palunbalanced trend in the stock market crypto- also market claimed it would have a negative effect on† Especially recently, while Bitcoin and other altcoins have
famous economist Raoul Palunbalanced trend in the stock market crypto- also market claimed it would have a negative effect on† Especially recently, while Bitcoin and other altcoins have seen frequent declines, the market is expected to deteriorate as a result of the stock market.
former director of Goldman Sach RaoulFriendHe underlined that there will be a negative decline in the cryptocurrency market in the coming months. NasdaqTo mention that.
Cryptocurrency market decline expected
The experienced economist stated that the fall in the stock market will cause panic in the market. He also underlined that especially in such a situation, investors will turn to investments such as dollars and debt securities.
In addition, Raoul Pal said the economy is waiting for growth. He also stated that there will be a collapse of the US market.† Pal predicted that the economy is rapidly approaching low inflation and growth is slowing rapidly, noting that commodity prices will fall as growth slows.
The decline in cryptocurrencies has not gone unnoticed, especially in recent weeks. The fact that Bitcoin, which previously reached $50 thousand, has been below $39 thousand in recent days, in terms of investors. causes despair† Right now, eyes are on the May 4 interest rate decision and changes in the markets are expected according to this decision.
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