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Raoul Pal predicts a massive crypto rally similar to 2015-2016

Tue 18 Jul 2023 ▪ 3 min of reading ▪ by Luc Jose A.
Getting informed Investissement

When it comes to crypto, rising asset valuations are generally a matter of cycle. That said, analysts tend to predict a bullish cycle based on precedents in the crypto market.

Diverses cryptos

Raoul Pal predicts crypto market surge of over 700

A few days ago, Raoul Pal predicted a 2000% surge for Solana (SOL). Clearly, his optimism isn’t limited to this particular crypto. Overall, the economist foresees a crypto market rally in the months ahead.

The expert sees cryptos rising spectacularly from their current prices. This forecast is subjective to say the least, and extremely speculative given current market circumstances. However, its realization is based on precedent.

Indeed, Raoul Pal believes that the circumstances are coming together for cryptos to record the increase they did in 2015/2016. Back then, they grew by around 700% in the space of a few months. For him, a similar outlook cannot be ruled out.

However, the specialist’s projections for the crypto market’s dynamism are not based on this argument alone. Raoul Pal foresees the imminent onset of a banking crisis that would force the US Federal Reserve (Fed) to intervene.

“I have a feeling we could get bullish by then, because I think we’re getting closer to a banking crisis that will require the Federal Reserve to intervene. Interest rates are getting out of hand, so interest rates are rising and the yield curve is inverting, which is not good news for banks,” he asserted.

On the other hand, Raoul Pal believes that the crisis would give the Fed the opportunity to reverse its austerity policy. It would also provide liquidity to the government, enabling it to manage the federal debt. The Fed could therefore create a crisis that would justify rate cuts and debt monetization.

Basically, the expert highlights the importance of a liquidity injection in this context. His analysis suggests that the latter would play a significant role in managing the potential crisis envisaged. This, with a positive impact on the crypto market.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.