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The charts are still showing red, as the bears are calling for support at $61,000. At the time of writing, Bitcoin is trading for $63,400 but according to macro analyst Raoul Pal, we are still in crypto spring and we are heading into crypto summer soon. In an interview on the Bankless Podcast, Raoul touched on a number of subjects. He spoke about where he sees this crypto bull market going, his investing philosophy and how it changed over the years, and the weight of his portfolio. Raoul didn’t hesitate to share his affinity for Solana, claiming that 80% of his portfolio. Solana is currently down 24%, trading around $135 at the time of writing. While excited about Solana, Raoul does believe there are chances that this bull run doesn't perform like the others and we are purely guessing as to what will happen. Raoul expressed that there is a chance that after the bull run appears to be over, the market can come roaring back to new highs like in earlier cycles. Then there’s a chance that once the run is over, it’s done. There are many scenarios possible in Raoul’s view because with the Bitcoin ETF, blackrock alliance and mass adoption, the crypto market hasn’t seen this many variables before. But regardless of how this bull market runs its course, Raoul believes you need to educate yourself first, then the profits will follow. And most importantly, don’t F this up.
To watch the full interview:
https://www.youtube.com/watch?v=ef9mjK6euW4
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