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We propose you today to find the last video of the Youtube channel Only The SAVVY which is simply called "It's The Darkest Before The Dawn For Crypto" | Raoul Pal. If you liked it, don't hesitate to like the content to support the author of the video!
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For your information, you can find below the description of the video "It's The Darkest Before The Dawn For Crypto" | Raoul Pal published by the Youtube channel Only The SAVVY:
“Don’t be too stressed” is the recommended advice from macro analyst Raoul Pal. Of course, this is much easier said than done, as the past 48 hours in the crypto markets have been a whirl-wind, a rollercoaster, a sh*** show, and any other adjective that describes a complete and utter mess. At the time of writing, Bitcoin is trading for $15,89, the lowest in 2 years. The whole market is down 13.9%, with a market capitalization of $823 Billion. The crypto world got shaken to its core when the media crowned, “white-knight” of crypto, Sam Bankman-Fried’s FTX exchange went belly-up and reached an agreement to get acquired by rival Binance, to help reach its liquidity crisis. The deal was contingent upon due diligence. As reported by CoinDesk, by late afternoon on November 9th, Binance announced that the sale was ‘off’.
Macro analyst Raoul Pal took to Twitter to share his thoughts on the situation. Raoul’s sentiment was hopeful, which for what it's worth, might not mean too much after those who held their coins on FTX, as Sam Bankman-Friend himself stated, without a cash injection, FTX will most likely file for bankruptcy.
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"It's The Darkest Before The Dawn For Crypto" | Raoul Pal