Macro guru and Real Vision founder, Raoul Pal, has observed some sudden changes on the foreign exchange markets, which could have a snowball effect on bonds, equities, crypto and precious metals.
Warning his audience on Twitter, Pal notes a sudden strength of the US dollar versus the Japanese yen, while the Euro is on the verge of tanking below a longtime major support level.
Something big is happening FX… very big. I just don’t know what it means yet…
Dollar JPY is testing the neck line of an enormous 20 yr inverse H&S… pic.twitter.com/yIkhIV7QOL
— Raoul Pal (@RaoulGMI) March 28, 2022
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If these trends break, Pal predicts a diversion of large sums of capital to US bonds and equities, crypto and precious metals.
Noting that “waiting for the end of the world to end is not a profitable strategy”, Pal continues and says that the world has no other option than embracing new technologies:
“You may hate green energy, hate AI, hate the rise of the robots, hate crypto, hate genetic sciences, hate space industries, hate big data, etc Technology doesn’t care. Nor does the future. It cares not about the past. Embrace it or die angry. Your choice.”
Bitcoin and Ethereum are inevitable in future businesses, the macro guru concludes:
That is what digital assets are all about with BTC and ETH playing the biggest role and Web 3 changing all future business models entirely.
Anti-fragility is the name of the game and on top of that Exponential Age technology will rise relentlessly….
— Raoul Pal (@RaoulGMI) March 28, 2022
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Source: Igaming
