The next crypto bull run could begin in the second quarter of 2024, when the Bitcoin (BTC) halving is set to occur, according to macro investor and Real Vision CEO Raoul Pal.
He believes that despite the hype surrounding the halving, macro factors will play a leading role in triggering the next uptrend.
According to Pal, Bitcoin halving cycles coincide with macro cycles, meaning that each halving so far has occurred in a similar macroeconomic environment: monetary expansion and low interest rates.
“The macro is actually the dominant factor and the halving is a misnomer, but it doesn’t matter because it’s still valid,” Pal said in an interview with Cointelegraph.
Major catalysts supporting cryptocurrencies next year include interest rate cuts from central banks and potential fiscal stimulus measures, possibly ahead of the U.S. presidential election.
Regarding price targets, Pal wants to avoid making predictions because “you get beat by people” because they don’t get it right.
Still, judging by past performance, Bitcoin could double or triple its latest all-time high, Pal believes.
To learn more about how to prepare for the next crypto bull run, check out the full interview with Pal, and don’t forget to subscribe to Cointelegraph’s YouTube channel!
Author: Deepchain DCNews
Compiled by: Sister Shen
Twitter: DeepChain
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