Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market, forecasting its market capitalization could reach $ 100 trillion due to global liquidity trends and technology adoption. His analysis is underpinned by observations of the global liquidity cycle, which has been influencing asset growth since 2008, along with the …
Van Eck analysts predict that Ethereum’s Layer two (L2) scaling solutions will reach a $ 1 trillion market cap within six years, fueled by the need to overcome Ethereum’s limitations in processing capacity, data storage, and computation. Despite acknowledging the potential for significant revenue generation on L2 networks over the base Ethereum network, the …
JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024. JPMorgan Foresees U.S. Economic Growth Amid ‘Ridiculous’ Fitch Downgrade and Recession Fears Echoing […]