Maro Guru Raoul Pal Says Under-the-Radar Fundamentals Show Crypto Markets Are in Bullish Setup

Maro Guru Raoul Pal Says Under-the-Radar Fundamentals Show Crypto Markets Are in Bullish Setup

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Real Vision chief executive Raoul Pal is “taking a pulse” on the adoption of crypto assets by examining Google Search activity.

The former Goldman Sachs executive tells his 894,300 Twitter followers that Bitcoin (BTC) Google search activity is “treading water.”

“BTC as the base layer is less likely to see the rise in interest [at] this point in its adoption curve — more steady increases in adoption over time.” 

Source:RaoulGMI/Twitter

Ethereum (ETH) search activity, by contrast, looks decently strong, according to Pal.

“ETH seems to be capturing the L1 element of the applications layer (sort of like the social token of the applications ecosystem).”

Source:RaoulGMI/Twitter

The Real Vision CEO says decentralized finance (DeFi) Google search activity has remained steady but isn’t growing at the moment.

“DeFi, considering the [total addressable market] of its application, is likely to see much more interest over time. We have only seen the first mini-wave. Wait until TradFi goes on blockchain for some real magic applications.”

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