Real Vision Raul Paul: Macro reasons for the next crypto bull market to ignite in Q2 2024
The next crypto bull market will begin in Q2 2024, when Bitcoin (BTC) is about to halve, says Raul Pal, a macro investor and CEO of Real Vision.
Despite the clamor around the halving, it is certain that macro factors will play a leading role in fueling further growth.
According to Pall, Bitcoin's halving coincides with the macroeconomic cycle, meaning that every halving so far has taken place in the same macroeconomic environment: monetary expansion and low interest rates.
“The macro is really the main thing, and half of it is a false narrative, but it doesn't matter because it still works,” Pal said in an interview with Cointelegraph.
Among the main factors supporting crypto in the coming year are central banks reducing interest rates and potential fiscal stimulus ahead of the US presidential election.
When it comes to price targets, Pal wants to avoid making predictions that “beat people over the head” because they don't get it right.
Still, looking at past performance, he believes Bitcoin could double or triple its recent highs.
To learn more about how to prepare for the next crypto bull market, check out the full interview with Pal and don't forget to subscribe to Cointelegraph's YouTube channel!
