Real Vision CEO Raoul Pal shared his insights on the current crypto cycle, noting its resemblance to the 2017 cycle. He highlighted the impact of macroeconomic factors on the market.
Comparison with 2017
Raoul Pal stated that the current crypto cycle resembles the one observed in 2017, when Bitcoin showed steady growth throughout the year and skyrocketed towards the end. He remarked that "it’s spookily similar to 2017."
Dollar's Influence on the Crypto Cycle
Pal also pointed out that a weaker dollar could slow down the current crypto cycle. He stated, "With the dollar breaking down even today, it’s starting to suggest this may go into Q2 2026." Since the beginning of the year, the US Dollar Index has been down 8.995, making Bitcoin more attractive as an asset.
Global Trends and Government Support
Pal also highlighted the strengthening positions of cryptocurrencies globally, describing meetings with sovereign wealth funds in the Middle East, where most expressed optimism regarding crypto assets. He emphasized that countries need to build their governmental infrastructure on blockchain.
Raoul Pal's analysis underscores the importance of macroeconomic factors and global interest in cryptocurrencies, as well as the need for market growth to attract larger players.
