• Billionaire Chamath Palihapitiya is predicting that the stock market is set to go “materially higher” in the next 12-18 months.
• He believes this will be driven by investors who missed out on the early stages of the market’s ascent this year, as well as those currently sitting on the sidelines.
• Palihapitiya was able to foresee 2021 crypto crash.
Chamath Palihapitiya Predicting Market Surge
Billionaire venture capitalist and entrepreneur Chamath Palihapitiya says that the stock market is primed for a surge in the next 12-18 months. After warning investors of a major market shift in November 2021, he believes that this surge will likely be supported by investors who missed out on the early stages of the market’s ascent this year, as well as those currently sitting on the sidelines.
Previous Successful Market Predictions
Palihapitiya has had some success in predicting markets shifts before, having been able to foresee 2021 crypto crash. He believes that what is most important right now is for astute investors to get ahead of any potential rally before sentiment changes and it’s too late.
Factors Behind Potential Stock Market Surge
The billionaire investor points out that there are trillions of dollars currently sitting in defensive assets which can pivot around and get put back into growth assets once it’s clear that worst is behind us. He also notes how retail and institutional investors are likely to ride any wave of narratives which could push stocks higher in price.
Risk Involved With Investing
Palihapitya does not offer specific advice when it comes to investing but cautions against making high-risk investments without doing due diligence first. Investors should always remember that they are responsible for any losses incurred through trading or transfers made with their own money, no matter what level of research they have done beforehand.
Disclaimer from The Daily Hodl
The Daily Hodl does not recommend investing or trading cryptocurrencies as these activities involve an extreme level of risk and losses may occur easily if proper precautions are not taken – readers should do their own due diligence before engaging in such activities