web3.0Bitcoin (BTC) Macro Guru Raoul Pal Believes the Stage Is Being Set for BTC to Explode to His Massive Price Target
In a video posted on Real Vision's YouTube channel, the former Goldman Sachs executive says Bitcoin tends to rise and fall along with global liquidity cycles.
Macro guru Raoul Pal is convinced that the stage is being set for Bitcoin (BTC) to explode to his massive price target.
In a new video posted on Real Vision’s YouTube channel, the former Goldman Sachs executive says that Bitcoin tends to rise and fall in tandem with global liquidity cycles.
He points to a chart suggesting that global liquidity will surge over the next three months, and BTC will follow suit.
“It’s an [absolutely] beautiful chart. It's the GMI (Global Macro Investor) global weekly liquidity [index], so that's both private-sector liquidity and public-sector liquidity from the large global economies. I mean it's just perfect. It leads by 10 weeks…
So you've got that. You've got Bitcoin seasonality – [BTC] is always strong from this point onwards.”
Pal also shares a chart suggesting that BTC is closely mirroring its price action from January 2023 to March 2024, when BTC rallied roughly 350% from $16,500 to around $74,000. According to the macro guru, the conditions appear to be ripe for another massive Bitcoin surge.
“Bitcoin is also repeating what it did last year, literally perfectly. So we've got the macro overlay, the Fed is going to keep cutting over time, the other central banks are going to be involved. We've got the seasonality in place, we got the global liquidity cycle in place. I don't know what else is left.
It has to be now.”
Looking at Pal’s chart, he appears to be predicting that Bitcoin will skyrocket past $200,000 by early next year.
At time of writing, BTC is trading for $63,249.
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