Real Vision co-founder Raoul Pal, speaking on the "When Shift Happens" podcast on May 28, stated that Bitcoin and crypto assets are still in a long-term uptrend value discovery phase, with the current allocation value potentially exceeding that of tech stocks. In his view, this is being driven by three key factors: first, traditional financial institutions are accelerating their entry, with stablecoins set to become a core bridge connecting the real-world financial system with the on-chain world; second, as the crypto regulatory framework gradually matures, blockchain applications and institutional funds are expected to see a widespread opening up; and third, amid global debt pressures and expectations of monetary stimulus, more liquidity is ultimately expected to flow into risk assets.
