Real Vision CEO and macro guru Raoul Pal is naming one key catalyst that can ignite the mass consumer adoption of digital assets.
In a new interview streamed on Real Vision, the former Goldman Sachs executive says that mass consumer adoption will happen when people stop thinking of buying crypto as an investment.
“You just think I want to be part of this. I want to participate, and maybe I get the tokens for free, maybe I buy some of these tokens, maybe they cost me $10… Let’s say Lady Gaga’s community, Little Monsters, was tokenized in its beginning. It would have gone from a small group to the largest music group in the world for a period of time.
Imagine the unlock of wealth that does for everybody… So if you’ve now got 20 million rabid fans who have tokens in your network, why do you ever need a marketing budget again?”
Pal also says that “nothing’s changed” despite the crypto market’s recent bearish price action. He’s still long-term bullish on cryptocurrencies.
“I too have been surprised at how slow it’s been and how choppy it’s been end of year.
I think it’s to do with consumer discretionary spending, a bit of the taper stuff. It’s basically that, and I think a lot of the institutional investors will wait till next quarter.
We know it’s all coming. Also, tax selling and hedge funds squaring their books for the end of the year.”
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