Raoul Pal: Since the end of last year, organizations have completed their achievements.

Raoul Pal, CEO of Real Vision, believes the recent Bitcoin exchange rate is due to the company selling Bitcoin to support last year's profits.

In an interview with The Stakeborg Talks on December 27, the Bitcoin bully told Vlad he believes the current market is unaffected by meddling in the organization. Pal said they sold to close the profits. This is how one organization shows "I think it will help."

Glassnode data shows the majority of December sales were in Bitcoin exchange holders around the summer, and Coinshares data shows massive sales. the stock market.

“Now the question is 'Are you finished?' Pal asked.

"The market has been going down since last week, and it looks like it's over because last week was still a week for everyone to check their books."

He predicts that there could be more sales in Asia, but Pal expects 2022 to be a good start for the crypto industry, including the allocation of capital in the company.

By 2022, Pal hopes to raise cryptocurrency expectations as companies begin to better understand the development of crypto technologies and by the end of the decade "that means how much the market value will increase."

Noelle Acheson of Genesis Trading shares Pal's vision that crypto bulls will enter 2022. Today in CNBC's Squawk Box program, she talks about house models for 2021 and describes some bright spots for 2022.

“The growth of the company over the past 12 months has been very good. We are seeing strong signs that this growth will accelerate next year, both through direct investment and investment in companies. cryptocurrency companies themselves. "

Bitcoin is currently down 3.5% in the past 24 hours and was trading at $ 47,954 at the time of this writing.