Raoul Pal believes institutions have finished taking profits as year winds up By Cointelegraph
Real Vision CEO Raoul Pal believes the recent volatility in Bitcoin’s (BTC) price is due to institutions selling to help shore up their end-of-year profits.
The perennial bull told Vlad from The Stakeborg Talks in a Monday 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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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Real Vision CEO Raoul Pal believes the recent volatility in Bitcoin’s (BTC) price is due to institutions selling to help shore up their end-of-year profits.
The perennial bull told Vlad from The Stakeborg Talks in a Monday 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.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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