According to macro investor and Real Vision CEO Raoul Pal, the next crypto bull market is likely to begin in Q2 2024, coinciding with the Bitcoin halving. However, Pal believes that macro factors will play a dominant role in sparking the uptrend, rather than the halving itself. He points out that every halving so far has occurred in a similar macroeconomic environment of monetary expansion and low interest rates. Pal also highlights central banks cutting interest rates and potential fiscal stimulus as catalysts for the crypto market next year. While Pal avoids making specific price predictions, he believes that Bitcoin could potentially double or triple its previous all-time highs based on past performance.
