Crypto pundit Raoul Pal believes that Bitcoin could fall to $75,000 in the short term, but argues that this potential drop does not matter. He compares the current situation to Bitcoin's 2017 run and points to the same fundamental catalysts of dollar weakness and China stimulus that drove the previous surge. Pal suggests that these factors will free up more liquidity, leading to a rise in Bitcoin and altcoins. However, at the time of writing, Bitcoin is trading just above $88,400, recovering slightly from recent lows.



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