Trillions Of Dollars Could Flow Into Altcoin Markets As Crypto Shows Stunning Chart: Macro Guru Raoul Pal

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Former Goldman Sachs executive Raoul Pal believes a deluge of capital will likely flow into crypto as altcoin markets brace for a potential breakout.

The macro guru tells his 997,100 Twitter followers that he is keeping a close eye on TOTAL3, a chart that tracks the total market capitalization of crypto assets excluding Bitcoin (BTC) and Ethereum (ETH).

According to Pal, TOTAL3 looks bullish as it is trading near the top of a declining wedge pattern, and a breakout could send the total altcoin market capitalization above $4 trillion.

“Gorgeous graphic alert!

I keep looking at this painting…

This is one of the most bullish and perfect charts I have ever seen, and the measured target is well over $4 trillion.

Total crypto market capitalization (ex BTC and ETH).

Source: Raoul Pal/Twitter

At the time of writing, TOTAL3 is trading at around $332.65 billion. A move to $4 trillion suggests more than 1100% upside potential.

As for the market capitalization of all crypto assets, Pal believes it could reach $10 trillion.

Late last month, Pal said he expects crypto to be one of the fastest horses that will likely outperform all other asset classes as global liquidity increases.

He also said that BlackRock’s filing of a bitcoin exchange-traded fund could attract new capital to the nascent space.

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Featured image: Shutterstock/Taves/Modvector

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