M. Cons: Bitcoin Crash Ends Company Profits But Sales Will End

Bitcoin (BTC) has fallen recently, falling below $ 50,000 yesterday and below $ 48,000 today, hitting a low of $ 47,313. Bad monthly job since May.

Raoul Pal, former CEO of Goldman Sachs and founder of financial services firm Real Vision, said on May 27 that the recent Bitcoin exchange had boosted YouTube channel The Stakeborg Talks. To help, he admitted in an interview that it was because of the companies selling bitcoin. . End of year salaries.

Pal believes that the current market is uneven due to the impact on the organization. He pointed out that the building was sold to close the profits, which he believed the house could benefit from.

According to the chain's data, most of December's massive sales occur around the summer of the wallet addressing the stored bitcoins. Previous data from Coinshares showed that the organization's crypto asset management (AUM) scale increased in May and October. Thus, the view indicates that the company is selling certain positions.

However, Pal said the sale of the company would pass. Now the question is, the eyes too? The market has changed a lot over the past week, and it seems so too because last week is always a week for everyone to check their books.

The cryptocurrency market is strong next year

Pal predicts there could be more sales in the Asian market, but is optimistic the crypto industry will be strong from 2022 as the company's capital improves as the new year approaches. .

Noelle Acheson, chief marketing officer of Genesis Global, a digital marketing services provider, also told CNBC on the 28th that Pal's plans are eagerly awaiting next year. , and refers to some of the brightest places in 2022.

“The growth in investment in the business over the past 12 months has been very good,” said Acheson. We see strong signs that this growth will continue in the years to come, with direct investments and investments in business infrastructure.

Acheson notes that 40 crypto companies have become obsolete by 2021 and that the company's investors have increased their interest in the risky small cryptocurrencies of Bitcoin and Ethereum.

Is Pal's Ethereum prediction incorrect?

Pal has always been optimistic about the cryptocurrency market. Back in October, he predicted in October that the cryptocurrency industry would grow faster than in the internet age. The value of the cryptocurrency market is 100 times faster than that of other assets, and the growth space that will become the greatest financial opportunity. as soon as possible.

Pal also predicted that the current cryptocurrency bull market from November 2 will continue from March to June 2022. Crash Drives Ethereum and ETF Rebound.

But it's worth noting that one of Pal's predictions won't always be accurate anytime soon. Pal, an assistant to the YouTube channel's Research Answers at the end of last month, estimates that Ethereum could reach $ 15,000 by the end of this year and reach $ 20,000 by March of next year to the end. However, the current price of Ethereum is only $ 3,805, so there are only two days left until the end of this year.