Raoul Pal's throwing out $160K for $BTC — not as hopium, but as a liquidity math problem.
His angle: global liquidity already pumped. Historically, $BTC catches up 10–12 weeks later. The money's in the system. Price just hasn't shown up yet.
So either the old playbook doesn't work this cycle, or we're just running late.
I've been around long enough to see both happen. Models break. Markets lag. Sometimes both at once.
Right now? The market's pricing in the boring version — that the model's busted. Which is funny, because that's usually when things get interesting.
No certainty here. Just vibes and liquidity charts that don't line up with price action. Make of it what you will.
His angle: global liquidity already pumped. Historically, $BTC catches up 10–12 weeks later. The money's in the system. Price just hasn't shown up yet.
So either the old playbook doesn't work this cycle, or we're just running late.
I've been around long enough to see both happen. Models break. Markets lag. Sometimes both at once.
Right now? The market's pricing in the boring version — that the model's busted. Which is funny, because that's usually when things get interesting.
No certainty here. Just vibes and liquidity charts that don't line up with price action. Make of it what you will.