[DigitalToday reporter Yoonseo Lee] Raoul Pal (라울 팔), founder of financial firm Real Vision, said the cryptocurrency market's biggest growth phase has yet to come and criticised hasty selling during short-term downturns.

On May 25 local time, blockchain outlet The Crypto Basic reported that Pal said in a recent commentary that the crypto market remains in the early stages of a large, long-term transition.

In a conversation with macro investor Julien Bittel, he drew a line against views that interpret the current market only through a short-term liquidity cycle or trading fear. He said many investors still underestimate how much cryptocurrencies and artificial intelligence (AI) could change the global economy.

Pal pointed to his outlook for the market's potential size to argue against early selling. He asked why investors should sell their holdings now if they believe the crypto market can expand from about $2.5 trillion to $100 trillion. He also said investors should sell only when it is truly necessary, rather than reacting emotionally to short-term price moves.

He also made clear how he thinks investors should respond to market weakness. Pal said investors should look for buying opportunities in oversold areas and interpret temporary corrections as a chance to strengthen positions rather than as a signal to exit the market. He also said trying to time the market precisely in a rapidly changing technological transition could backfire.

He cited the spread of blockchain technology as the backdrop for long-term growth. Pal said the broader financial system is gradually being rebuilt on cryptocurrency infrastructure and that momentum is also accelerating for blockchain to combine with AI, robotics and digital identity systems. He also pointed to regulatory progress around the U.S. CLARITY Act as a factor that could support industry growth. As regulatory clarity increases, institutional trust could strengthen and adoption in global financial markets could expand, he said.

Despite such long-term optimism, the market remains cautious. Macroeconomic uncertainty and instability across financial markets are weighing on digital asset prices, keeping pressure on investors. Investors are moving to cut exposure to reduce losses.

Bitcoin is trading in the $75,000 range, while Ethereum recently fell below $2,300 and declined to around $2,000. The total cryptocurrency market capitalisation was estimated at about $2.59 trillion.

Market sentiment has yet to show a clear recovery. The Fear & Greed Index points to 40, a neutral range. As short-term price weakness clashes with expectations of long-term growth, market participants are watching whether regulatory progress and broader technology adoption will translate into actual capital inflows.

Raoul Pal: "If we're going from $2.5T to $100T, why the f*ck would you sell anything??" The entire financial system is rebuilding on crypto rails, agents are everywhere, robots are incoming, the CLARITY Act is crossing the line... "And you're going to sell it because Raoul and… https://t.co/E52oJ13LVD pic.twitter.com/sNbIlaDlDl"