Real Vision CEO Raoul Pal shared his view that the cryptocurrency market is currently repeating the trends of 2017. He noted that market conditions could support a bull cycle until 2026.
Analysis of the Current Crypto Market
Raoul Pal claims that the current bull cycle in the cryptocurrency market could last until the second quarter of 2026. He substantiated this conclusion by comparing current macroeconomic indicators to those in 2017. "When liquidity increases, the crypto market grows; this is a clear relationship," Pal noted.
New Analysis Models and Their Significance
Jamie Coutts, director of crypto analysis, introduced new analysis models that link Bitcoin price movements to the increase in global liquidity. They also assess risk levels in the markets. Coutts added that investors should not only focus on price forecasts but also on market behavior and leverage ratios.
Blockchain Investments in the Middle East
Pal also highlighted the investments made by Middle Eastern countries, including the United Arab Emirates, Saudi Arabia, Bahrain, and Qatar, in artificial intelligence and blockchain technologies. According to him, these states are not only holding Bitcoin as a reserve asset but are also building their state infrastructure on blockchain.
In light of current macroeconomic conditions and investments in new technologies, Raoul Pal predicts that the bull cycle in the cryptocurrency market may prove to be more complex and long-lasting than previously expected.
