TREE NEWS reports: Real Vision founder Raoul Pal said bitcoin’s weekly chart against the Nasdaq 100 has broken its downtrend and he expects the cryptocurrency to outperform the index. He noted bitcoin rose from about $75,580 to above $81,000 after the Federal Reserve raised rates by 25 basis points to 3.75%-4.00%. Pal said fiscal dominance and debt refinancing needs will boost liquidity and benefit crypto assets.
Raoul Pal Says Bitcoin Will Outperform Nasdaq 100 as Fed Hikes Rates to 3.75%-4.00%
Related Coin Charts
AI take
Pal's call rests on a technical break in bitcoin's ratio against the Nasdaq 100, not on the rate decision itself — notable because the Fed's hike was the kind of event that historically pressured risk assets, yet bitcoin advanced. The fiscal-dominance argument reframes the debate: the case is about debt refinancing and liquidity conditions rather than monetary tightening. Whether that ratio holds above its former downtrend is the open question, and it matters most for allocators treating crypto as a relative bet against equities rather than a standalone one.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
Trump Says Impeachment Bid Would ‘Destroy’ Democrats
20m ago
China’s NEA Lists 93 ‘AI Plus’ Energy Pilot Projects for Public Review
24m ago
Musk Deletes ‘Vote Red’ Post After Democrats Win Midterms
26m ago
9th Hongqiao Forum Releases Report on Exporting to China
30m ago
Commerzbank Q3 net profit €859M beats €845.2M estimate
34m ago
South Korea’s KOSPI Falls Over 6% as SK Hynix and Samsung Electronics Plunge