U.Today – As more and more crypto traders and analysts share bearish views on the current market phase, Raoul Pal sees nothing to worry about. He also shared his views on the performance of meme coins and revealed whether their exchanges (SOL) are underwater.
Raoul Pal shares sobering thoughts on crypto crash: 'Literally nothing is happening'
Despite the net market capitalization of cryptocurrencies falling 5% over the past 24 hours, literally nothing is happening in the markets, economist Raoul Pal tells his million followers on X.
In this regard, what is happening with (BTC) and major altcoins looks like a normal day in the trenches for the seasoned macroeconomic expert.
Additionally, Pal mentioned the impressive performance of Church of the Smoking Chicken Fish (SCF), a novel and eccentric meme coin based on Solana.
He added that the pessimism in this market is nothing more than “noise.” Pal’s statements were echoed by BitMEX founder Arthur Hayes. As previously reported by U.Today, Hayes calls the current days “buying time.”
The BitMEX founder attributed the current volatility spikes to macroeconomic processes in the United States and Japan.
Is the Bitcoin (BTC) cycle close to ending?
When asked about the performance of his Solana (SOL) positions, the Real Vision CEO admitted that he entered the asset at $30. Therefore, he must be enjoying 400% gains even after Solana (SOL) lost more than 20% in five days.
However, as U.Today has already reported, some voices on Crypto Twitter do not share Pal and Hayes’ enthusiasm. For example, trader Henrik Zeberg said that we could be two months away from the biggest crash since the Great Depression of 1929.
“The deadline for the main macroeconomic top has been extended until October of this year. In addition, several prominent traders insist that we will not see new highs for Bitcoin (BTC) in the next four years.
This article was originally published on U.Today
