Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Reading: Bitcoin (BTC) Price Will Explode Soon, Says Former Goldman Sachs Executive
Share
  • bitcoinBitcoin(BTC)$27,940.00
  • ethereumEthereum(ETH)$1,794.50
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$316.68
  • usd-coinUSD Coin(USDC)$1.00
  • rippleXRP(XRP)$0.53
  • cardanoCardano(ADA)$0.393820
  • staked-etherLido Staked Ether(STETH)$1,790.21
  • dogecoinDogecoin(DOGE)$0.074708
  • matic-networkPolygon(MATIC)$1.08
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
  • Services
  • Know Us
Search
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > News > Bitcoin (BTC) Price Will Explode Soon, Says Former Goldman Sachs Executive
News

Bitcoin (BTC) Price Will Explode Soon, Says Former Goldman Sachs Executive

Jim Haastrup
Last updated: 2023/03/14 at 12:17 PM
Jim Haastrup Published November 21, 2022 March 14, 2023
Share
Crazy Rich Asians to Lead Crypto Adoption in Asia

Key Insights

  • Pal believes the value of cryptocurrencies across the market will rise when liquidity returns.
  • Pal also asserts that with the present level of network activity, Bitcoin is poised for an explosive surge to the upside.
  • From the mathematical multiplier, prices will increase exponentially as adoption (users) and value (use cases) increase.

 

Contents
Key InsightsBitcoin’s Network Activity and Active Users

Former Goldman Sachs executive Raoul Pal has explained when a bull run will occur in a new Bitcoin and Ethereum Prediction.

In one of his most recent tweets, the Former Goldman Sachs executive explained that when the global economic conditions improve enough to produce the much-needed liquidity in the market, Bitcoin and several altcoins will explode to the upside.

When liquidity returns (the biggest driver of institutional allocations), the value of the network should rise, which then brings in more investors (or vice versa – # of investors rising will bring in more insto's) which creates a multiplier effect, giving exponential returns.

— Raoul Pal (@RaoulGMI) November 16, 2022

In the thread to his more than 900 thousand followers, Pal explained that the value of cryptocurrencies across the market should rise when liquidity returns. This rise will then bring in more investors.

He also notes that the reverse may occur, and the inflow of investors may bring in liquidity. However, one of these happening first will create a multiplier effect and produce exponential returns.

Bitcoin’s Network Activity and Active Users

Pal also asserts that with the present level of network activity, Bitcoin is poised for an explosive surge to the upside.

In his tweet, he explains that even while trading volumes decline during bear markets, the number of active users stays higher (ongoing adoption).

From the mathematical multiplier, prices will increase exponentially as adoption (users) and value (use cases) increase.

Chart-showing-the-increase-in-active-address-count
Chart showing the increase in active address count| Source: Raoul Pal/Twitter

He also says that Metcalfe’s Law-based Bitcoin model demonstrates that network users have not decreased as much as they have in prior bear markets. In simple terms, Metcalfe’s Law argues that a network rises in value as the number of users on the network increases.

Network activity peaked in 2020 and again in 2021 and has been drifting lower. The slow trajectory in decline in network activity is why this liquidity cycle correction in magnitude has so far been less than previous examples thus far.

— Raoul Pal (@RaoulGMI) November 16, 2022

In his words, network activity peaked in 2020 and then again in 2021. However, it has since been declining due to the current bear market.

This liquidity cycle’s correction has thus far been less than it was in earlier dips due to the gradual decline in network activity.

Chart showing Bitcoin average transfer , VOC, Voice of crypto
Chart showing Bitcoin’s average transfer value | Source: Raoul Pal/Twitter

He argues that while the number of users actively using the network has remained essentially unchanged, the effects of the current bear market are less pronounced than the decline of 2019. This, according to Pal, indicates a broader adoption.

Disclaimer: Voice of crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

You Might Also Like

SEC Head Gensler Seeks $2.4B to Fight Crypto Corruption

MetaMask Issues Warning on Fake Airdrop Rumors

3 Bearish Price Indicators Every Bitcoin Trader Must Know About

Bitcoin, Ethereum Price Analysis: Bulls or Bears, Who Wins?

9 Proven Ways to Secure Your Crypto Portfolio

TAGGED: Altcoin, Bitcoin
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article VOC, Voice of Crypto, DOGE Dogecoin’s Profitability Remains Resilient Against Bitcoin and Ethereum
Next Article FTX-COIN-1102x570-1 FTX (FTT) Price Follows Bearish Trend, Bigger Crash Incoming?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
Gary Gensler SEC US Crypto
SEC Head Gensler Seeks $2.4B to Fight Crypto Corruption
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto

Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

  • Advertise With Us
  • About Us
  • Privacy Policy

Copyright © 2023 Voice of Crypto. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?