The next crypto bull market is set to kick in during Q2 of next year, according to Real Vision CEO and macro investor, Raoul Pal. While the Bitcoin halving is generating significant hype, Pal believes that macro factors will be the driving force behind the next uptrend.
Halving coincides with macro cycle
In an interview with Cointelegraph, Pal highlighted that the Bitcoin halving cycle aligns with the macro cycle, as each halving has historically occurred within a similar macroeconomic environment characterized by monetary expansion and low interest rates. As a result, he suggests that the halving itself may be a false narrative, but it remains effective in initiating the next bull market.
Central bank actions and fiscal stimulus as catalysts
Pal identifies central banks cutting interest rates and potential fiscal stimulus as major catalysts favoring the crypto market in the coming year. These actions are expected to coincide with the U.S. presidential election, offering a potentially favorable environment for the crypto industry.
Avoiding price predictions
When it comes to predicting price targets, Pal is apprehensive due to the potential backlash from getting it wrong. However, considering past performance, he believes that Bitcoin could potentially double or even triple its previous all-time highs.
To gain further insights on how to prepare for the next crypto bull market, check out our full interview with Raoul Pal and make sure to subscribe to our YouTube channel!
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