Raoul Pal, CEO of Real Vision, believes that the “macro summer” is upon us, which will drive up the prices of Bitcoin (BTC) and altcoins.
What is Macro Summer?
According to Pal, macro summer refers to an increase in the ISM manufacturing index, an indicator of US economic activity. This increase is driven by liquidity, which has been rising since the end of 2022.
Impact on Crypto
Pal believes that macro summer will have a positive impact on cryptocurrencies, particularly Bitcoin. He notes that Bitcoin tends to perform well in presidential election years, which coincide with Bitcoin halvings. The next halving is expected to occur next month.
Altcoins to Skyrocket
Pal also predicts that altcoins will experience significant growth during macro summer. He refers to this period as the “Banana Zone,” a time of wealth generation for investors.
Conclusion
Pal encourages investors to be patient, as the best returns will come during the “Banana Zone.” He emphasizes that cryptocurrencies are a high-risk investment, and investors should do their own research before investing.
