Macro Guru Raoul Pal Says Crypto Gearing Up for ‘Real Run’ to All-Time Highs – Here’s His Timeline

Former Goldman Sachs executive Raoul Pal believes that the cryptocurrency industry is gearing up for a bull run to reach new all-time highs. In a recent ask-me-anything session, the CEO of Real Vision and macro guru stated that although there may be some short-term volatility, he expects digital assets to ignite a “real run” towards record figures later this year. Pal attributes this anticipated surge to the recent approval of spot market Bitcoin exchange-traded funds (ETFs) and Bitcoin’s upcoming halving event in April. He predicts that after leveraged positions are liquidated, the demand brought forward by ETF preorders could amount to $1-2 billion, leading to increased volatility before the actual run begins. Pal suggests expecting pullbacks of 30-35% as the market corrects itself, followed by a rally to all-time highs and beyond, typically initiated by the halving. Bitcoin is currently trading at $42,953.