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Raoul Pal Suggests Large Institutions May Have Caused the Drop in Crypto Prices

Raoul Pal Suggests Large Institutions May Have Caused the Drop in Crypto Prices

The CEO of Real Vision Raoul Pal stated that crypto prices went down potentially due to large companies wanting to cash out at the end of the year.

In an interview with StakeborgDOA on Twitter, Raoul Pal, previously a hedge fund manager at Goldman Sachs, had expressed his concerns with big companies affecting the crypto market by cashing out before New Year's.

He believes that this was only temporary, and the prices should stabilize very soon.

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Raoul Pal was quite optimistic about the beginning of 2022 in terms of crypto prices since institutions will get their assets redeployed for the upcoming year, suggesting that they'll probably cut down on selling large volumes of crypto.

On the other hand, Raoul Pal believes that large institutions are getting more and more interested in blockchain technologies, whilst understanding what affects the price fluctuations in the crypto market which will put them at the top of the food chain.

With Bitcoin being down 4% over the last week, Genesis Trading’s Noelle Acheson had similar predictions on crypto being pushed around by large companies, stating:

"The institutional growth over the last 12 months has been astonishing, and we're seeing strong signs of that accelerating over the next year..."

Based on the insights from both experts, sooner or later, these industry giants may have all the influence they need to manipulate the prices of crypto on a larger scale.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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