The subsequent crypto bull market is prone to kick off in Q2 2024, when the Bitcoin (BTC) halving is about to happen, says macro investor and Actual Imaginative and prescient CEO Raoul Pal.
He’s satisfied that regardless of the hype surrounding the halving, macro elements will play the main position in sparking the subsequent uptrend.
In keeping with Pal, the Bitcoin halving cycle coincides with the macro cycle, which implies each halving to date has taken place in an analogous macroeconomic surroundings: financial growth and low rates of interest.
“Macro is definitely the dominant issue, and the halving is a false narrative, but it surely doesn’t matter as a result of it nonetheless works,” Pal mentioned in an interview with Cointelegraph.
Among the many primary catalysts favoring crypto subsequent yr are central banks chopping rates of interest and potential fiscal stimulus that might precede the US presidential election.
Relating to value targets, Pal needs to keep away from making predictions on condition that “you get beat over the top by folks” for not getting them proper.
Nonetheless, previous efficiency, Bitcoin may double or triple its newest all-time highs, Pal believes.
To be taught extra about how one can put together for the subsequent crypto bull market, take a look at the full interview with Pal, and don’t neglect to subscribe to Cointelegraph’s YouTube channel!
