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Daily Briefing: Raoul Pal: Examining Shifts in the Global Macro Policy Paradigm

7 Cryptos That Could Rebound Soon | InvestorPlace

Recent Crypto Market Was A Testament, But The System Didn t Break, Says Global Macro Investor s Raoul Pal

The recent cryptocurrency market crash is a testament to its ecosystem s reliability, according to Raoul Pal, CEO of Global Macro Investor, a global macro advisory publication. What Happened: Pal noted in a Tuesday Twitter thread that the cryptocurrency market crashed by 42% in 14 days, wiping out $1.02trn in value in an orgy of liquidation of people up to 100 x levered, with very low regulation. Many tokens fell up to 70%, including unregulated lending and borrowing biz. He highlighted that all of that caused no damage to the crypto ecosystem. Crypto had a major, major VAR-shock test and NOTHING happened,  Pal noted. What Else: Pal pointed out that leverage liquidation was offset by over collateralization, no firm went under, the Federal Reserve did not need to step in and decentralized finance protocols carried their activity on near-normally.

Bitcoin, dogecoin, crypto, and the era of meme stock investing

Uncovering and explaining how our digital world is changing and changing us. My first Covid-19 vaccine shot came with a dose of cryptocurrency advice. The guy administering my jab in the back room of a small clinic on Coney Island told me he was buying dogecoin, the canine-inspired meme coin whose price swings wildly in part because of Elon Musk’s tweets. He suggested I buy some, too. We are in the age of investing by meme. Some people are tossing tons of money into a stock or a coin not because they believe there’s something significantly different about the underlying value of the asset but because it got popular on the internet, and they think it’s funny, cool, or just something to do. They buy into the hype generated on platforms like Reddit and TikTok and join in. Crypto is the epitome of all of this as well as all the disarray and confusion that entails.

Crypto crash sees centralized stablecoins retain pegs while algorithmic tokens suffer

Crypto crash sees centralized stablecoins retain pegs while algorithmic tokens suffer
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