Former Goldman Sachs executive Raoul Pal: Progress in the application layer will impact the cryptocurrency market trend

In an interview with former Goldman Sachs executive Raoul Pal and Pomp Investments founder Anthony Pompliano, they stated that the cryptocurrency market may experience a surge in this cycle, primarily depending on the increase of real-world use cases for blockchain. The re-engagement of past digital asset holders may also boost market sentiment. As the development of blockchain applications progresses, people can utilize cryptocurrencies for various purposes, ranging from ticket sales to real assets. The progress at the application layer will impact market trends, and if there is limited progress, a rebalancing may occur.