Raoul Pal: Weaker Dollar Would Give Crypto the 'Green Light'
- —Pal wants a weaker USD, more bank lending and a steeper yield curve
- —10-year Treasury yields rose to about 5.29% as the Fed hiked by 25 bps
- —Bitcoin gained 25% to $80K between Aug 19-25 while Nvidia fell for seven sessions
- —Pal sees a $1M BTC price by 2032 as realistic if ETF inflows and adoption hold
Why it matters: A dollar and yield reversal could open the taps for capital flowing into bitcoin and altcoins.
Source: Comparic