Renowned macro trader Raoul Pal: Bitcoin is over two standard deviations oversold relative to the Nasdaq, and crypto assets will outperform the Nasdaq in the long run

Real Vision founder Raoul Pal stated that the charts he closely monitors show that Bitcoin has entered an oversold zone of more than two standard deviations relative to the Nasdaq and is currently rising rapidly. He mentioned that he will continue to observe but believes that in the long term, crypto assets should outperform the Nasdaq.

Raoul Pal pointed out that such long-term structural trends are of significant reference value for asset allocation. This view is based on the relative strength performance of Bitcoin against the Nasdaq.