Analyst: As macroeconomic conditions improve, Bitcoin and gold prices may rise significantly

2024-07-29 20:26:38

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ChainCatcher news, according to Cointelegraph, Raoul Pal, founder and CEO of Global Macro Investor, pointed out that as macroeconomic conditions improve, the prices of Bitcoin and gold may rise significantly.

In addition, cryptocurrency trader Moataz Elsayed (also known as "Eljaboom") stated that once the price of Bitcoin breaks through the $70,000 mark, it indicates that the bear market is over.

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Gold macroeconomics bear market

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