Former Goldman Sachs executive Raoul Pal predicts that the crypto market will experience a rally toward the end of 2024. He compares this potential rally to the Santa Claus rally that traditionally occurs in the stock market during the last week and a half of December. Pal believes that the most explosive rally of the current market cycle is still to come, possibly next year around the Fed's meeting in March. However, he also warns of a possible temporary correction at the end of this year due to liquidity tightening. Pal attributes Bitcoin's price to the money supply and expects a decline when the supply decreases. At the time of writing, Bitcoin is trading at $94,367, experiencing an 11% decline in the past week.
- Content Editor ( dailyhodl.com )
- 2024-12-24
Macro Guru Raoul Pal Predicts Crypto Market Will Rally ‘Pretty Strongly’ Into Year-End – Here’s His Outlook