Prominent investor Raoul Pal has substantiated, using crucial data, that 2024 is poised to be a favorable year for crypto, surpassing the prospects for tech stocks.

“This is where the growth assets of NDX and Crypto live. This is why they bottomed before everything else,” the statement declared.

Pal Predicts Crypto Will Outperform Tech Stocks

In a series of posts on X (formerly Twitter), Pal a key market indicator and articulates his belief in a potential positive upswing in the crypto market over the next twelve months.

“But our Lead indicator for ISM has been rising sharply. This is generally where the SPX lives (part cyclical, part growth) and explains the SPX strength vs Russell 2000 (RTY) or commodities…”

Moreover, he predicts that within a year, the crypto market could experience significant growth.

“Using our GMI Financial Conditons Index, we can peer 11 months into the future, suggesting a strong year in 2024. This is where the growth assets of NDX and Crypto live. This is why they bottomed before everything else…”

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Author: Ciaran Lyons

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