The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Raoul Pal, CEO of Real Vision and a well-known macro guru, has outlined three possible scenarios for Bitcoin’s next rally. In an interview, Pal suggests that the most likely scenario is a traditional cycle where Bitcoin reaches a price range of $100,000 to $200,000. He also mentions a second scenario with a 20% chance, which involves a significant influx of money into the digital assets industry, leading to a larger-than-expected bull run. The third scenario involves a front-loaded cycle that is shorter but more violent in 2024. Pal is bullish on Bitcoin and believes that the current cycle could exceed expectations in terms of price rises. Bitcoin is currently trading at $44,279, showing a 2.73% increase in the last 24 hours.