Raoul Pal, the former executive of Goldman Sachs and founder of Real Vision, predicts a myriad of innovation within the crypto industry in the upcoming bull market, with the user count surging up to a billion or more. Pal who recently held an Ask me Anything session, highlighted the importance of an unavoidable wave of liquidity supporting risk-on assets such as crypto that will cause a complete revolution in the industry. He also noted that once this cycle is witnessed, applications that we have not even considered will be available with digital identity, DeFi and NFT's (Non-Fungible Tokens) being part of the portfolio.

The macro guru believes that the Federal Reserve have already finished their rate hike and will be witnessing a recession soon enough where the Fed will be held accountable and forced to embark on money printing. This eventful process will cause an acceleration in markets which will eventually slow down due to lack of liquidity until the real printing of money begins with the recession and unemployment side of the equation. Pal has highlighted the enormous potential of the Crypto industry through his comment and is determined to see innovation, ideas and applications that are unexplored or considered impossible to come to life in this cycle.



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