“Nobody Is Ready For Bitcoin To Hit $1,000,000!” – Raoul Pal NEW Crypto Price Prediction

“Nobody Is Ready For Bitcoin To Hit $1,000,000!” – Raoul Pal NEW Crypto Price Prediction

you know people are the most depressed
now they’ll only get better and you
turned out to be right to your credit so
I want to go forward thinking maybe in a
longer term time span are you in the
Michael sailor camp that Bitcoin will
most likely hit a million dollars yeah
so how I back this out is two different
ways one I just with the log chart of
Bitcoin that Trend you can extrapolate
it and somewhere around 2030 it’ll be a
million dollars that sounds as
ridiculous today as it did when I first
boarded at $200 and I put a price
projection of $100,000 I said it’s going
to a million but I’m going to Discount
myself for being an idiot by 90% so it
cost $200 it could go to zero at that
time certainly cuz that’s 2013 but my
price projections 100,000 and people
said this is ridiculous I said it’s the
best macro trade of all time so the
million dollars doesn’t seem that
Preposterous the other way I back it out
is when I look at the adoption of
cryptocurrency so you use as a proxy the
number of active wallet now we all know
that’s not a perfect proxy because
people have multiple wallet but you
compare that to IP address addes for the
internet start them at both 5 million
now people have multiple IP addresses
well so it’s very similar it’s just
directionally gives you an idea crypto
is growing at twice the speed of the
internet in terms of adoption it’s the
fastest adoption of any technology in
any asset class the world has ever seen
so if we just assume that growth slows
as it did with the internet because once
you get bigger and bigger numbers it’s
hard to grow at such a rate so it goes
from let’s say 175% a year where it’s
been trending and goes to 43% a year
which is what the internet did from year
eight onwards well crypto gets to a
billion people by the end of next year a
billion active wallets and it gets to 4
billion by 2030 well at 4 billion the
price will certainly be a million
dollars so it kind of backs out from the
adoption of the technology and the log
chart because the log chart basically is
the adoption of the technology the
Bitcoin harving was one of the most
critical events of this year in the
crypto market and is set to cause a
supply shock which will drive the price
of Bitcoin to $1 million per coin by
2030 but the bigger game is yet to be
played out as old season arrives and we
full enter what macroeconomic expert Ral
Paul calls the banana Zone the banana
zone is when we see huge face melting
rallies all over the crypto space
creating huge wealth generating
opportunities in his most recent
interview with altcoin daily Ral shared
his views on what’s currently happening
in crypto markets how Fed rate Cuts will
affect the space and his thoughts on the
Bitcoin harving and his views on the
altcoin season he believes that the
crypto Market is experiencing a
transition from a decent crypto spring
which sought Bitcoin rise a significant
150% to a full-blown crypto summer this
transition is marked by hitting all-time
highs and witnessing a surge in onchain
activity indicating the onset of a more
bullish phase he also shared his
thoughts on how the altcoin season will
play out specifically the price action
of ethereum and salana R also explored
potential price ranges for Bitcoin in
the current cycle considering factors
like Market Cycles liquidity and
adoption raides however make sure to
stick around to the end of the video
where ra Reveals His 2024 end ofe
prediction for Bitcoin now here’s R Paul
with his latest insides you know I’ve
always been talking about this the last
time I spoke to you talked about this
there’s a a lovely transition that makes
it easy for people to understand is like
Krypto is the best performing asset in
the world for years and then it’s the
worst for one year that first year is
known as crypto spring sometimes it can
be a bit choppy it could be like spring
some days it rain some days it’s sunny
but every day it gets a bit warmer we
had a pretty decent crypto spring I mean
Bitcoin was up 150% then we started and
we’re in the process of transitioning to
crypto summer and crypto summer is when
you start hitting all-time highs and
things start going bananas and we’re
very close to that now you know we’ve
got to the ultime high in Bitcoin and
we’ve been messing around so whether by
the time this video comes out or not
it’s broken out or it hasn’t we don’t
know doesn’t really matter you know it’s
pretty standard to have a chop around
for a bit and then fireworks happen and
really the fireworks truly happen when
altcoin season come and that comes in C
so summer and we’re starting to see the
first signs of that it’s been mem coin
season for a while now and I think it
will drag you know the big memes like
Doge up and before you know it even
everybody I I find it amusing everybody
is writing off ethereum right now and
exactly the same happened in 2020 in
2020 ethereum was underperforming
Bitcoin in Spring as it always does then
it started basing and then by the end of
the year it just never stopped out
performing and I think we’re in a
similar kind of pattern and that’s
typical of Alco I think it’s been
anticipated by the markets but it just
at top level if you think of most people
who’ve got credit card debts or
mortgages or interest payments on cars
it just makes everybody’s life a little
bit easier and if you’ve got a little
bit more discretionary spending you
might be able to put it into the market
and so at the margin it’ll help I mean
obviously it would help a lot if rates
went down to 2% are they going to get
there or not certainly not this year
maybe next year depends what happens to
inflation depends what happens on a
number of different level but really
it’s not interest rates that actually
drive the world it’s liquidity liquidity
is the money that the the central banks
put into the system often in conjunction
with the government to try and generate
economic growth or drive markets and we
bottomed in liquidity I think again last
time we spoke back in November 2020 uh 2
2022 that was the bottom of the
liquidity cycle happened to be the
bottom of the crypto cycle and bottom of
Technology because those are the
forward-looking asset classes and going
forward my work suggests that liquidity
should continue to ease all the way into
2025 so therefore if we’ve got Rising
liquidity against the backdrop it should
be positive day of the Bitcoin having
what should they expect nothing it’s a
coin flip between it going up and it
going down but what we do know is the
supply of Bitcoin from the miners will
half so over time there’s less new
Supply and therefore the supply has to
be met by existing participants selling
now considering about 60 to 80% of all
Bitcoin holders don’t sell they just
hold it’s actually quite limited Supply
around so when you add in a kind of
macro bull market it tends to then tilt
the supply demand demand imbalance
wildly in favor of demand not enough
Supply too much demand add the ETF bin
and that adds more fomo it’s easier for
people to get in and before you know it
you start building this banana Zone
cycle so the Haring itself is a
non-event it’s really it’s the signal
that you’re about to come into crypto
summer which happens to coincide with
the presidential election years every
time and it also corresponds with what I
call the everything code cycle which is
the debt refinancing cycle which is the
macro cycle they’re all the same thing
so you get this kind of powerful Dynamic
of politicians giving out free candy
because they going into an election
stimulus you tend to have a liquidity
cycle because of the business cycle
because they have to refinance the debts
of the governments and you tend to have
the Bitcoin harving which is a reduction
Supply and that’s why these periods get
really quite exciting it’s difficult to
know what kind of cycle we’re going to
be dealing with there’s a school of
thought that said this is a left
translated cycle which means it goes up
fast early and then Peaks early most
would finish in 2025 in December that’s
normally how these crypto Cycles have
finished that that third year would be
the a December November kind of period
so could have come earlier and pet out
this year there’s definitely a
probability of that what price would
that be I would say 200,000 something
like that and that would be okay that’s
gone very far very fast the most likely
outcome is a standard bull market now
the last one we had 2020 2021 was
actually a stunted cycle because really
the final leg never happened we had a
huge final egg in 2017 and an even more
enormous one in 2013 but last time
around we didn’t get one which caught
everybody offers the prize including
myself so somewhere that would be you
know Bitcoin gets to let’s say
250,000 Peak somewhere between the
summer and the end of the year okay that
seems pretty reasonable the other
probability is that we have a full
bubble cycle because now there’s more
access to it by the ETFs there’s more
acceptance there’s more regulatory
acceptance it captures more mind share
there’s like 110 million coinbase
wallets and only about 10 million are
active right now so that number can go
up dramatically so we can see a huge
participation and a final kind of belief
that this is it that could happen and in
which case then you could see an
extension to maybe 400,000 Plus in this
cycle but I would give the short cycle
and the bubbled cycle roughly the same
probabilities I’m probably more earing
towards the bubble cycle but let’s call
them both 20% probability and 60% for
something typically starts when one of
the other big layer ones starts hitting
alltime highs as well so now everybody’s
celebrating in the party and everything
starts getting recycled down the cut cuz
now you’re going well bitcoin’s are
70,000 or 880,000 and maybe it only gets
150 so I’m only going to make 100% I
mean in normal markets these are crazy
numbers but in crypto it’s like only
100% it’s not worth it so you start
looking for where am I going to make
five times or 10 times or 20 times and
that’s when people go out the risk curve
and it starts getting crazy and stupid
stuff happens and people make it and
lose fortunes I try and navigate it by
you know I use this expression don’t
this up and really it’s because this
altcoin season really has a tendency
everybody to screw up because they
suddenly get the fomo they can’t see
straight they want to use leverage they
want to make as much money as possible
they start going really far at the risk
of all of their portfolio they start
customing in stupid exchanges they
should never do or putting money into
defi things that they should never be
involved in and before you know it all
goes wrong so my advice is always look
put 90% of your assets in these core
crypto call it free the three biggest
ones with proven Network OFA Bitcoin
ethereum salana and think of that as a
risk curve Bitcoin the least risky
salana more risky it’s earlier in its
adoption it should outperform all things
being equal and then you can have 10%
where you can do all the stupid and try
and make your 100x that will end up
being your wallet of Shame you’ll have a
bunch of stuff that goes to zero in
there that you never get rid of but you
can’t do yourself damage if it’s only
10% and if you get it right great you’re
going to add you know another 100% onto
your portfolio but you can’t mess it up
by doing it so enjoy altcoin season
realize that it should move Ethan salana
more so you should get some really good
returns out of that but don’t overextend
yourself when you go too far out the
risk curve if Bitcoin is the gateway
drug the raas everybody else you can
kind of get your data cross the line
with Bitcoin you and you can just use
digital gold or you know store a value
or something pretty straightforward eth
really is the settlement layer for all
of the layer tws but also I think a lot
of the financial services industry will
build on top of it because it’s deemed
to be the safe bet it’s like using
Salesforce for your CRM and other stuff
it’s like using a us right it’s the
thing you don’t get fired for now I
think salana will grab part of that
market because of fire dancer which is
much faster we can talk about that later
but generally speaking eth is the Easy
Choice it’s like you work for a large
corporation they’ll give you Microsoft
Office e is Microsoft off I don’t use my
judgment cuz what do I know I just look
at the people being involved in it I’m
seeing more Venture Capital I’m seeing
the Bitcoin maximist getting kind of
pushed into less relevance by people who
want to build the more open interesting
useful Bitcoin ecosystem we’re seeing
incredible activity in ordinal there is
going to be some other layer toos I
think there’ll be Bitcoin meme coins
which will really piss off the Maxis but
I think Bitcoin really needed this
because it needed other types of
activity so I think it’s good I think
it’s very positive and you know the
people I respect and Trust whether it’s
hedge funds I invest in or whether it’s
other people in the space and VCS
they’re all saying listen you got to
focus here I’m not really focused on it
but I think it’s a very valid thesis so
there’s ra Paul with his insightful
views on the crypto Market touching on
various crucial aspects such as the
Bitcoin harving the altcoin season and
the potential trajectory of bitcoin’s
prize his analysis provides valuable
insights into the ongoing shifts in the
crypto landscape emphasizing the
importance of caution during volatile
periods like altcoin Seasons whilst also
recognizing the potential for
significant growth opportunities ra
offers a balanced Outlook encouraging
investors to consider diverse strategies
and remain Vigilant amidst the
everchanging Dynamics of the crypto
space before we go a quick reminder for
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the fastpaced world of crypto and
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hope you all enjoyed today’s video and I
provided you with some value I’ll see
you all on the next one and as always
all the best

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Bitcoin halving is the most critical event of this year, which will drive the price of bitcoin to $1 million by 2030. But the bigger game is yet to be played out as Alt season arrives and we fully enter the Banana Zone. The Banana Zone will create a huge wealth-generating opportunity and we will see massive gains in the crypto markets.

This is the latest prediction coming from Raoul Pal.

In a recent interview, Raoul Pal shared his views on what’s currently happening in the crypto markets, how Fed rate cuts might affect crypto, his thoughts on Bitcoin halving, and his views on altcoins.

He believes that the crypto market is experiencing a transition from a decent crypto spring, where Bitcoin saw a significant rise of 150%, to a full-blown crypto summer.

This transition is marked by hitting all-time highs and witnessing a surge in activity, indicating the onset of a more bullish phase. He also shared his thoughts on the altcoin season especially the price action of Ethereum and Solana.

Raoul also explored potential price ranges for Bitcoin in the current cycle, considering factors like market cycles, liquidity, and adoption rates.

However, make sure to stay until the end of the video where Raoul Pal reveals his end-of-year prediction for Bitcoin.

About Raoul Pal:

Raoul Pal is the co-founder and CEO of Real Vision, the world’s preeminent financial media platform, which helps members understand the complex world of finance, business, and the global economy.

#Bitcoin #Crypto #Investing

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Raoul Pal: How To DOMINATE Crypto In 2024 & Make The Most Out Of Bitcoin & Ethereum – Interview

“Nobody Is Ready For Bitcoin To Hit $1,000,000!” – Raoul Pal NEW Crypto Price Prediction