In a recent chat with Anthony Pompliano, the brains behind Pomp Investments, ex-Goldman Sachs executive Raoul Pal is spilling the beans on his thoughts about the crypto market’s future twists and turns.
The Three Scenarios
Pal lays it out like this: there’s a 60% chance that we’re in for a run-of-the-mill cycle, where Bitcoin (BTC) casually strolls up to $150,000. Not too shabby, right? But wait, there’s more. There’s a 20% possibility that we’re in for a speedy sprint, thanks to the ETF and other factors. Picture this – hitting $150,000 in a flash and then maybe fizzling out quicker than expected. A bit of a buzzkill for those banking on a 2025 spectacle.
And then, there’s the remaining 20% chance of a full-blown bubble cycle. Pal draws parallels to the wild ride of 2011-2013, with a topsy-turvy journey, a temporary peak, and then boom – a second wind. He’s throwing caution to the wind, though, acknowledging the need to factor in ETF influences, the economic scene, and the spicy twist of the US presidential election.
The Sky-High Target
Now, about that jaw-dropping half a million-dollar prediction for Bitcoin. Pal throws in some math, a bit of self-deprecation, and still lands on a cool $250,000 even after cutting himself some slack. Not too shabby, especially when Bitcoin is already cruising at $43,049 as we speak, marking a 2% uptick in the last 24 hours. Buckle up, folks – the crypto rollercoaster might just be gearing up for another wild ride.
