After Nailing 2021 Market Crash, Billionaire Chamath Palihapitiya Says Stocks Primed To Go ‘Materially Higher’ – Crypto News – Crypto News
Connect with us
Mt. Gox Trustee Sets January 2023 As Deadline for Creditors To Register and Select Repayment Method Mt. Gox Trustee Sets January 2023 As Deadline for Creditors To Register and Select Repayment Method

others

After Nailing 2021 Market Crash, Billionaire Chamath Palihapitiya Says Stocks Primed To Go ‘Materially Higher’ – Crypto News

Published

3 years ago

on

After warnings investors of a major market shift in November 2021, billionaire Chamath Palihapitya says that the stock market is already in the process of carving a long-term bottom.

In a new episode of the All-In Podcast, the venture capitalist says that the stock market is gearing up for a burst to the upside.

According to Palihapitiya, who was keen enough to foresee the coming 2022 crypto crash, the surge will likely be supported by investors who missed out on the early stages of the market’s ascent this year.

“I think the most important view that I’m trying to get to is where do I think the equity market is going to go? All roads, at least right now, look like the market is getting set to go materially higher.

The reason isn’t whether terminal rates are 2% or 3.5%. I don’t think that matters that much. What matters more are the trillions of dollars that are sitting on the sideline or in other defensive assets that need to then pivot around and get put back into growth assets once you know that the worst is behind us, and I think that’s what a market always looks for before real sentiment changes.

What’s important to note is that by the time most people figure out that the sentiment has changed, it’s already actually too late. I think right now, in the next 12 to 18 months is really when the bottom is put into the market. It’s before the Fed starts cutting. It’s when rates are still going to be relatively high but the really astute, sharp in this market will get ahead of it, and they will start to buy what they think will be an eventual rally.”

Palihapitiya also says that most retail and institutional investors are currently sitting on the sidelines and are likely to ride the next wave of narratives that will push the stock market to greater heights.

I

Don’t Miss a Beat SUBSCRIBE to get email alerts delivered directly to your inbox

check price action

Follow us on Twitter, facebook and Telegram

surfing The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Andrey Lobachev/Tithi Luadthong

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending