Macroeconomist Paul Pal predicts the achievement of new ATH cryptocurrencies
Date: 2023-06-19 Author: Karina Ziganova Categories: BLOCKCHAIN
Former CEO of Goldman Sachs believes that cryptocurrencies are likely to set new all-time highs due to a massive increase in innovation in the field of technology and digital tives along with the widespread introduction of networks.
Pal believes that we are all entering an exponential era that will be characterized by a simultaneous explosion of technical advances and a greater number of options for using high altitude which level of acceptance.
In the period when we will have a digital value and money revolution… we will also have an electric car and green energy revolution, the digitization of emerging markets, the Internet of things , virtual reality, wearable devices, biotechnology, 3D printing, autonomous vehicles, works, artificial intelligence industry intelligence, distributed computing, 5G and 6G and space Wi-Fi - all this will be implemented in the next five years. It's unbelievable...
We are going to apply Metcalfe's law for each of them in the next five years. Yes, there will be ups and downs, there will be bubbles, ups and downs. But we will see the largest group of things in an exponential trend, a new era. This is an exponential age. And it will be a golden age of opportunity.
Pal also commented on the recent decline in the cryptocurrency market and the restraining actions of regulators, calling them nothing more than “noise”.
