“The Bitcoin bull market has just begun,” says the former Goldman Sachs executive

“(Bitcoin) is a great opportunity because this trend has just begun,” says investor Raoul Pal on his YouTube channel. As a co-founder of financial platform Real Vision and an experienced former derivatives manager at Goldman Sachs, Pal sees Bitcoin as the start of a trend that will last for years and could bring significant profits to investors who decide to explore.

This hypothesis by Raoul Pal is mainly based on Bitcoin's own cycles are characterized by halvings and liquidity inflows into the market. Under the example of Stock to flow (S2F), developed by analyst Plan B, Pal points out that the cryptocurrency still has a lot of room for growth and new prices.

These statements may come as a surprise to some, considering Bitcoin has reached one by 2023 annual increase of more than 150% of its value. Likewise, cryptocurrencies such as Ethereum’s Ether, Cardano’s ADA, and Ripple’s XRP have seen increases ranging from 80% to 150%. However, Pal insists that this would be just the start of an uptrend that could last until 2025, and it has the ability to set the price of Bitcoin between half a million and a million dollars.

Pal compares the current market to the uptrend that Bitcoin developed in 2016 and 2017. He points out that this was when huge institutional liquidity entered the forex market, causing the price to exceed $1,000 for the first time. and look for new all-time highs. The investor emphasizes that many central banks are currently printing money and Bitcoin is better known, so the upward trend should be clearer.

These cycles can be crazy and this one looks more like the 2016-17 cycle than the previous cycle. This cycle didn't make much of an impression on central banks, not in the United States. But central bank balance sheets increased. We saw a 20% increase in liquidity. And what happened was that cryptocurrencies completely exploded. I feel like that is the case.

Raoul Pal, co-founder of Real Vision.

Likewise, it is important to remember that the cryptocurrency market is paying attention to the possibility of the approval of the first Bitcoin spot ETF. A financial instrument that has been expected on the market since 2015 and keeps investors waiting for a price increase. This situation, along with the optimism that the halving generates in the community, could be good fuel for the next Bitcoin movements.

Around, Raoul Pal insists that any action or asset related to the technology sector will be a megatrend. In this sense, he advises his students and followers not to lose sight of these markets, some even call them “bubbles”, since society will continue to acquire technology in the coming years and the price of these projects will not stop providing financial resources Opportunities. .