Crypto Visionary Raoul Pal Forecasts Prolonged Bull Market With Potential $1M Bitcoin

Famous former CEO at Goldman Sachs, Raoul Pal, is bullish about the extended cryptocurrency bull market and believes that Bitcoin (BTC) may hit a staggering $1 million by 2025. Speaking to his 22,000 YouTube channel followers, Pal shared his observations about the present state of the market dynamics and contrasted the current phase with the fervor of 2016–2017.

Prolonged Bull Market and Bitcoin’s Potential Surge

Pal examines the long-term Bitcoin chart and highlights the logarithmic pattern that has been there since 2013. Even though he is aware of the historical divergence in the early cycle, he observes a perfect log trend that suggests substantial potential profits in the future. The futurist predicts that the cryptocurrency market cycle will last for several years and may peak by the end of 2025.

This is a long-term chart showing the price of Bitcoin since 2013. Some individuals make longer-term use of this graphic. I used to, but the chart gets messed up because of how absurd the early cycle was. It’s actually a perfect log (logarithmic) trend aside from that. As you are aware, we believe that the business cycle will peak around the end of 2025, which suggests a ridiculous goal of obtaining between half a million and a million dollars in Bitcoin. Should I anticipate that? Most likely not, but who the heck knows?

Pal compares the current state of the market to the 2016–2017 cycle, pointing out that a substantial inflow of liquidity is driving digital assets to all-time highs. Even if Bitcoin and other cryptocurrencies had strong gains towards the end of 2023, Pal is adamant that the current bull market is still in its infancy.

“These cycles can be crazy and this one feels more like the 2016-17 cycle than it does the prior cycle. And that cycle didn’t have a lot of central bank printing, not in the US. But central bank balance sheets were rising. We saw 20% growth of liquidity. And what happened was crypto absolutely exploded. I kind of feel like that’s the case. I don’t focus on the end target. I focus on the structure. But I’m just showing you the magnitude of the opportunity. And we’re still at one standard deviation oversold. It’s all to play for. We’ve barely started.”

Pal stresses the structural features of the market rather than dwelling on particular goals, saying that the cryptocurrency industry still has a lot of untapped potential. Measuring at one standard deviation, the present oversold state suggests there is much space for development and prospects.

According to Raoul Pal’s observations, the cryptocurrency industry is expected to have steady upward momentum in the years to come, with Bitcoin perhaps hitting previously unheard-of heights.