Real Vision founder and macro expert Raoul Pal doubles down on his view that crypto and tech assets are fueling explosive bull runs.
Pal tells his 995,000 Twitter followers that the Nasdaq, which primarily indexes technology companies, is an example of a nonstop macro uptrend that always catches traders off guard.
Pal’s chart suggests that the Nasdaq 100 index (NDX) is trading well at a discount and is likely destined for much higher prices.
“The biggest and most persistent macro trend on Earth is the one that gets the most opposition from many…
The exponential age of technology.
It couldn’t be clearer (NDX).”
The former Goldman Sachs executive also says that Bitcoin (BTC) is another example of a clear upward trend in innovative technology.
“…It couldn’t be clearer (BTC):”
The secular bull trend in tech, which Pal calls “The Exponential Age,” will be partial, he says LED by crypto assets.
“Remember in ‘The Exponential Age’ thesis that assets with a secular adoption trend (crypto and technology) outperform the global liquidity cycle and ALL other assets…
There will be corrections and all dips are for sale.”
In addition to Bitcoin, Pal has previously called for another leg higher for Ethereum (ETH) rival Solana (SOL)
“Solana looks like it is gearing up to take the next step up after a period of consolidation following the reverse head-and-shoulders breakout in April. Solana has been a big bet at GMI (Global Macro Investor) this year and is up nearly 150% since the start of the year…”
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Featured image: Shutterstock/Bay.Hermawan/Natalia Siiatovskaia
