‘Almost Over’ – Macro Guru Raoul Pal Hints at Imminent Bitcoin Rallies Amid Rising Global Liquidity
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Raoul Pal, a former Goldman Sachs executive, suggests that Bitcoin (BTC) is nearing the end of its correction phase and is poised for a rally due to rising global liquidity. He notes that Bitcoin typically lags behind the global money supply (M2) by about 10 weeks. Pal predicts Bitcoin could reach a market cycle top of at least $210,000, with potential highs of $412,000 or $805,000. Currently, BTC is trading at $82,500, down 2.25% in the last day.
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