The cryptocurrency bull market is expected to start in the second quarter of next year. In this process, the Bitcoin halving will occur and according to macro investor Raoul Pal, macro factors will play an important role in this process. Pal notes that the Bitcoin halving cycle overlaps with the macro cycle, and each halving occurs in a similar macroeconomic environment: monetary expansion and low interest rates.
The main catalysts that will support cryptocurrencies in 2020 include interest rate cuts by central banks and fiscal stimulus that may occur before the US presidential election. Regarding price targets, Pal avoids making predictions. But looking at past performance, he says Bitcoin could double or triple its peak value.
To learn how you can prepare for the upcoming cryptocurrency bull market, check out our full interview and be sure to subscribe to our YouTube channel! Join the discussion by sharing your comments and thoughts with us.
The main catalysts that will support cryptocurrencies in 2020 include interest rate cuts by central banks and fiscal stimulus that may occur before the US presidential election. Regarding price targets, Pal avoids making predictions. But looking at past performance, he says Bitcoin could double or triple its peak value.
To learn how you can prepare for the upcoming cryptocurrency bull market, check out our full interview and be sure to subscribe to our YouTube channel! Join the discussion by sharing your comments and thoughts with us.