Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says

The following crypto bull market is more likely 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 following uptrend. 

In line with Pal, the Bitcoin halving cycle coincides with the macro cycle, which suggests each halving up to now 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 principal catalysts favoring crypto subsequent yr are central banks reducing rates of interest and potential fiscal stimulus that might precede the US presidential election. 

Relating to worth targets, Pal needs to keep away from making predictions provided that “you get beat over the pinnacle by individuals” for not getting them proper.

Nonetheless, taking a look at previous efficiency, Bitcoin might double or triple its newest all-time highs, Pal believes.

To be taught extra about how one can put together for the following crypto bull market, try the full interview with Pal, and don’t overlook to subscribe to Cointelegraph’s YouTube channel!