Raoul Pal believes institutions have finished taking profits as year winds up By Cointelegraph

Raoul Pal believes institutions have finished taking profits as year winds up

CryptocurrencyDec 29, 2021 12:40AM ET

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Raoul Pal believes institutions have finished taking profits as year winds up

Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year profits,

The perennial Bitcoin (BTC) bull told Vlad from The Stakeborg Talks in a Dec. 27 interview that he believes the market is currently lopsided due to the effect of institutions. Pal said that they have been selling to lock in their profits. It was a way for institutions to say “I believe in getting paid.”

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Comments (1)

Michael Macaulay Dec 29, 2021 2:18AM ET

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So we definitely looking at a skyrocket price next month.

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