Macro Guru Raoul Pal Says Stablecoins Make Up 18% Of Crypto Market Cap: 'Essentially Short The Upside Call'
Raoul Pal, a former Goldman Sachs (NYSE: GS) executive and macroeconomic expert, said the cryptocurrency industry holds around 18% of its assets in cash, provided that stablecoins are taken as a valid surrogate for "cash on the sidelines".