Wednesday, September 28

Raoul Pal Believes Institutions Have Finished Taking Profits This Year End By CoinTelegraph

© Reuters. Raoul Pal believes that the institutions have finished taking profits at the end of the year

Real Vision CEO Raoul Pal believes the recent price volatility is due to institutions selling to help boost their year-end earnings.

The perennial Bitcoin advocate () told Vlad of The Stakeborg Talks in an interview on December 27 that he believes the market is currently unbalanced due to the effect of institutions. Pal said they have been selling to ensure their profits. It was a way for institutions to say “I think I deserve to get paid.”

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Reference-es.investing.com

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