Well-known macro trader Raoul Pal: Bitcoin is oversold by more than two standard deviations from NASDAQ, and crypto assets will outperform NASDAQ in the long run

Comparing news, Real Vision founder Raoul Pal wrote that the chart he is closely following shows that Bitcoin has entered an oversold range of more than two standard deviations compared to Nasdaq and is currently rising rapidly. He said he will continue to watch, but believes that in the long run, crypto assets should outperform Nasdaq.

Raoul Pal notes that such long-term structural trends have important reference value for asset allocation. This opinion is based on the relatively strong and weak performance of Bitcoin and Nasdaq.