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Despite UBS Banks agreement to take over Credit Suisse and Credit Suisse receiving a $54 Billion dollar bail out by the Swiss central banks, investors and strategists believe that the turmoil in global financial markets and the banking sector still has much more room to run.
Many analysts are still trying to understand how the banking crisis got to this point, and believe that the story is far from over. Meanwhile, the crypto market continues to surge, with Bitcoin now trading over $28,000.
Economist and CEO Raoul Pal recently shared his thoughts on the situation in an hour-long interview with Anthony Pompliano. Raoul touched on various topics, including Bitcoin and crypto, his perspective on how the banking system reached this point, and where he sees things heading.
Make sure to stick around to the end of the video where In short, Pal believes that the banking industry has become too political and is heading towards an oligopoly, leading to the exclusion of medium and small players.
This is why he thinks that the crypto market is about to explode and all time highs are coming within 12 months.
About Raoul Pal:
Raoul Pal is a co-founder of Real Vision, a financial media company offering in-depth video interviews and research publications from the world's best investors. Prior to starting Real Vision, Raoul ran a successful global macro hedge fund.
CREDITS:
Real Vision Crypto
To Follow Raoul on Twitter to see all his latest updates:
To sign-up to Real Vision (Strongly Recommended!) Check them out here:
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Read More
By: Jamie Tree
Title: "NEW Crypto All Time Highs Are COMING!" Raoul Pal Latest Bitcoin & Ethereum Prediction
Sourced From: www.youtube.com/watch?v=RzhemJW73DU
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