Real Vision CEO Raoul Pal has commented on when the current cryptocurrency cycle will end. Pal; He said that he predicts that the current bull run in Bitcoin, ETH, DOGE and the overall altcoin market will not end in December, as it did in 2015 and 2017, but will instead stretch some time between March and June. cryptocoin.com We share the comments of the famous economist…
Famous economist Raoul Pal comments on Bitcoin and altcoins
Raoul Pal said in a recent interview, “Markets are all about psychology and if everyone expects something to happen, it won’t happen. In everyone’s mind, somehow, the cycle ends in December because that’s what happened in 2013 and 2017,” he says. According to the economist, there will likely be a wave of sales and then it will disintegrate. Pal points out that markets are “inclined to take the bitter path.” Pal uses the following statements on the subject:
Individual ETF is coming. It will be out in the next few months, so we will expand the reach and bring the institutions. Institutions tend to make asset allocation decisions on a quarterly basis and I predict we will see a large inflow in January-March next year.
On the other hand, according to the economist, the other major driver of this market will be ETH 2.0. The reason for this is that everyone is staking their ETH, indicating that only about 11 percent of the total ETH supply is in circulation. Expressing that this has created this incredible supply and demand imbalance in ETH, Pal says, “all of this means that we will probably see a long cycle, and I think it will be extended between March and June, and it will be a new phase.”
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