Former Goldman Sachs executive Raoul Pal says that Bitcoin and other top altcoins are in the midst of the “greatest macro trade of all time.”
“All the wiggles and the timeline FUD are just noise,” Pal said in a Feb. 17 thread on X. “All you require to capture it is not be too far out on the risk curve, not using leverage and the ability to have patience and zoom out.”
Raoul Pal Questions Why Investors Are Bearish On Bitcoin
The former Goldman Sachs executive also shared a screenshot of Bitcoin’s weekly chart that showed the largest crypto by market cap hovering above a trendline at the $60K level. This trendline is around BTC’s previous all-time high before it managed to break the $100K mark.
In the X thread, he also said that it’s “sad to see so many bearish and nervous in crypto” with Bitcoin’s current bullish technical structure on its weekly chart.
Pal also posted the weekly charts for altcoin leader Ethereum (ETH), Solana (SOL) and Sui (SUI), saying that these smaller cryptos also present huge opportunities for investors.
Is BTC BULL Token The Ultimate Bitcoin Play?
With Pal super bullish on Bitcoin, is new Bitcoin meme coin BTC Bull Token (BTCBULL) the next big crypto?
The project aims to become the unstoppable force that pushes the market leader to $1 million per coin and beyond, rewarding loyal holders along the way with Bitcoin airdrops and BTCBULL token burns.
These events will be triggered as BTC achieves new price milestones. Token holders will receive free BTC through airdrops when Bitcoin’s price hits $150K, $200K and $250K. Meanwhile, BTC Bull token burns will happen when Bitcoin reaches $125K, $175K and $225K for the first time.
99Bitcoins, a prominent YouTube channel that boasts over 725K subscribers, says BTCBULL could potentially soar 10X when it lists.
The project has already raised over $2.1 million in its presale and it’s only a fraction over one week since it launched.
So hot is $BTCBULL that the leading non-custodial Web3 wallet Best Wallet has added it to its Upcoming Tokens section. The section flags to Best Wallet customers what are deemed to be the hottest presales in the market.
It has established a great track record, recommending to customers meme coins including Catslap ($SLAP) and Pepe Unchained ($PEPU), which soared 7,000% and 700%, respectively, after launch.
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