In a recent interview on the Unchained Crypto channel on YouTube, the former Goldman Sachs executive posits that the most likely scenario for Bitcoin is a traditional cycle, where the leading cryptocurrency would stabilize somewhere between $100,000 and $200,000.
Raoul Pal explains his second scenario, which he believes has a 20% probability of occurring, proposing that a larger-than-expected influx of money into the cryptocurrency sector could trigger a significant bull run.
In the third scenario, Raoul Pal suggests that the cryptocurrency class could see a cycle that is shorter and more front-loaded than before. The famous CEO talks about the entire cycle potentially being shorter but more intense, occurring in 2024.
It’s clear that each of these three scenarios would have different outcomes for Bitcoin and the broader cryptocurrency market. Pal is weighing the possibilities of a traditional cycle, a large influx of money, or a short and intense cycle.