Raoul Pal|11月 01, 2026 11:29
Dollar, rates and oil all going up... all three tighten financial conditions, which leads liquidity, which leads markets. Crypto needs those three to dissipate.
Coming into the midterms Trump wants oil, rates and the dollar down. Oil probably gets done via an Iran resolution...
Thats what reignites the ability to take risk and brings capital back into markets.
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