Raoul Pal, co-founder and CEO of Real Vision Group, has compared the current crypto market situation to 2017, noting similar macrostructure.
Raoul Pal's Analysis
Raoul Pal emphasized that in 2017, Bitcoin experienced five major pullbacks lasting two to three months each, after which new highs were reached. He considers these pullbacks as minor fluctuations. "Go do something more constructive than staring at the screen," he advised.
Bitcoin and Altcoins Fluctuations
Today, Bitcoin's price dropped to an intraday low of $93,775, which is 13.3% below the new high. The current all-time peak of $108,786 was reached over a month ago. In 2017, Raoul Pal sold his Bitcoin in May, stating his reasons for owning the cryptocurrency had diminished. However, later that year, Bitcoin experienced a rally reaching nearly $20,000, a level not seen again until late 2020.
Historical Perspective and Current Events
In December, Bitcoin surpassed the $100,000 level for the first time, but its price action has been inconsistent. Last week, Bitcoin nearly reclaimed this level but was adversely affected by a devastating $1.4 billion Bybit hack. According to Bloomberg, negative sentiment towards cryptocurrencies has been exacerbated by multiple meme coin failures, severely impacting altcoins.
Raoul Pal's analysis presents an intriguing analogy between developing events in the 2025 crypto market and those observed in 2017. Despite current challenges and price swings, history shows that the market can be extremely volatile and unpredictable.
