Today the April 26the cryptocurrency market has turned green, the majority of cryptocurrencies progressed over the past 24 hours. The cryptocurrency market also saw more than 100 billion million enter the cryptocurrency market, which increased the capitalization of the global cryptocurrency market from $1.76 trillion to $1.87 trillion, an increase of 5.26% in 24 hours.
On the other hand, Raoul Pal, a former Goldman Sachs executive, is of the opinion that blockchain technology will become mature and claim a new horizon even in terms of a bear market.
Web 3.0 at the head of the Internet!
In a recent interview with the BitBoy channel Crypto Youtube former Goldman Sach executive Raoul Pal claims that Web 3.0 will lead the internet and then governments will launch their own cryptocurrencies in the form of Central Bank Digital Currencies (CBDCs), which the most governments have already done so. Raoul Pal is seen claiming that,
“People are giving up on Web2 platforms. Like Facebook Meta, it won’t happen. [Same with] Twitter. In five years they will have integrated Web3…… In five years we will also have launched central bank digital currencies, whether private sector like Circle or public sector. Maybe the [European Central Bank] trying to go public….. We also know that all the investment banks are now developing all kinds of products in this space. The ability for people to trade options. All of this is happening too. »
On the other hand, Raoul Pal believes that venture capital (VC) investments will enter the world of cryptocurrencies. Bear markets are where people should focus, he says, and Pal believes new products grow as they address existing issues such as wallet security. cryptocurrencies. Here are Pal’s quotes
“We know there are a whole host of new risk management products investments. But the big thing that just happened is that $32 billion was invested in venture capital last year. You see it written on Twitter, what you do in bear markets is build. This is where you start building businesses…. The wallet problem will be solved. Integrations everywhere are going to be fixed. All of this is happening. »
Raoul Pal also eagerly awaits other areas of entertainment and culture to embrace social tokens, which will help build brand awareness and allow communities to enjoy their favorite sports team or musicians.