Raoul Pal "Now is similar to 2017...Possibility of bull market until Q2 next year"

Famous macro investor and Real Vision CEO Raoul Pal analyzed that the current cryptocurrency market is showing a trend very similar to 2017. He stated "Now is similar to 2017 just before BTC surged, a trend of steady increase over a year," and revealed that the length of the cycle itself may be longer than in the past.

In particular, he added, "Given that the Cycle Indicator is still below 50, the full-scale overheating has not started yet," diagnosing that the bull market is likely to continue until the second quarter of 2025.

The continued weakness of the dollar was also mentioned as an important variable. The weakness of the dollar generally creates a favorable environment for the price rise of risk assets, especially digital assets like Bitcoin. Pal added, "If the dollar continues to weaken, this cryptocurrency cycle is likely to last longer and stronger."

These remarks are once again evoking expectations for a long-term bullish scenario even amidst phases where the market repeats adjustments and sideways movements.