“I Have NEVER Seen This Before In My Lifetime” Raoul Pal 2024 Bitcoin Prediction

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“I Have NEVER Seen This Before In My Lifetime” Raoul Pal 2024 Bitcoin Prediction
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In this video, we’ll discuss Raoul Pal’s 2024 prediction for BlackRock Raoul Pal sees that only 700,000 people out of 8 billion people in the world care about crypto, meaning that crypto is still a niche and speculative market. most people are unaware of or interested in what has just happened in the crypto space, such as the launch of the first spot of Bitcoin ETFs.
Raoul says that the only ones who care are the crypto enthusiasts and the ETF providers, who are the companies that offer the funds that track the price of Bitcoin and can be traded on the stock market. Average investors are not yet attracted or convinced by crypto.
He asks some questions that reflect his curiosity and uncertainty about the future of Bitcoin, such as whether it could reach $100,000 by the end of the year, and why it did not go up more after the ETF launch.
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Could Bitcoin be up 100,000 why didn’t Bitcoin go up more 700,000 people that actively care about crypto 700,000 people at a population of 8 billion people right we’re just a spe regular people don’t care what’s just happened it matters to us it matters to these ETF providers for the customers they’ve got

But the average Joe investor or average Jane don’t really care yet wait a minute everyone get ready for the ultimate crypto investing website the Bitcoin Celler it’s your golden ticket to an exclusive insiders Club expert predictions onchain data and breaking news all for you imagine all crypto insights Landing in your inbox daily

Like having your own expert team don’t miss this VIP opportunity click the link and secure your spot join now and ride the crypto roller coaster with the Bitcoin seller roel pal sees that only 700,000 people out of 8 billion people in the world care about crypto which

Means that crypto is still a nich in speculative Market most people are not aware of or interested in what has just happened in the crypto space such as the launch of the first spot of Bitcoin Nas R says that the only ones who care are the crypto enthusiasts and the ETF

Providers who are the companies that offer the funds that track the price of Bitcoin and can be traded on the stock market average investors are not yet attracted or convinced by crypto he asked some questions that reflect his curiosity and uncertainty about the future of Bitcoin such as whether it

Could reach $100,000 by the end of the year and why it did not go up more after the ETF launch let’s listen to more of R’s insights and opinions on bitcoin and other topics a lot of the gbtc orders don’t forget a lot of hedg funds were buying it at a discount and

Hedging and today he collapsed to zero because he went to an ETF so there’s a lot of selling of Bitcoin that was coming out of that so there might have been a billion dollars of selling that came out of that so it’s people unwinding that trade um and taking it

Off so that’s why the market was a lot choppier it’s not really people taking profits it people taking profits from that particular trade and exiting some of gbtc so that makes more sense of it for people people like Why didn’t it happen the laughable thing was how

Obvious it was the market you know it’s I love the way the market goes well now we’ve got the the Bitcoin one where’s the e one he starts wildly outperforming it’s like again hilarious the market doesn’t give it one second before moving on to the next thing with its regular

People don’t care what’s just happened it matters to us it matters to these ETF providers for the customers they’ve got but the average Joe investor or average Jane They Don’t Really Care yet but it’ll filter down as they’ll see more reports on it their investment advisor

Will tell them about it and then before you know it it starts building momentum they see the price Rising volumes will slow down let’s assume tomorrow is like 500 million whatever it is right it’s going to be a lot less um but I said this about a year ago I

Said well the Bitcoin ETF all depends on where the Bitcoin price is when it launches and I said look if it’s about 50,000 um randomly chose that number and it’s right there yep not because I’m a profit or anything but I was like if it’s around 50,000 people just going to

Go when it’s not far to the alltime highs I want to get it before against the alltime highs and that momentum cycle starts because price is the driver of narrative is the driver of volume is everything in this space so it’s kind of come at a perfect

Time and then let’s say it goes quiet for a little bit and then we get the Bitcoin harving noise and then the crypto yeah the macro cycle the rate Cuts you know that’s all to come ahead of us the liquidity cycle all of that so

It could it could not have come at a better time so I think the probability is it does better this year than people expect what wouldn’t surprise us by the end of this year could Bitcoin be it up 100,000 yeah that seemed right for a normal market so okay that’s a you know

2 and a half X from here or 2x from here you know it doesn’t it doesn’t seem impossible which is why I’ve also been talking about this could be quite a bit of a uh bubble cycle whether it’s front loed so all happens in this year or

Whether it really go overextends like um some of the prior Cycles did I think that’s possible here so we just have to wait and see 88% of people who were going to buy crypto we’re going to wait for the ETF to come so so they didn’t expect it it’s now

Come they now have to go to the class this is this lag I talked about they have to go and have golf with their best clients and sit down and have that steak dinner in the bottle of expensive wine and say you should be buying some bitco

You know they don’t go send out through some electronic platform it’s this that’s what we will see and then they will get the incoming calls from their friends at the golf club who’ve heard it from their other friends that they’re making money in this Bitcoin

Thing get me in Rell talks about how the launch of the first Bitcoin EDF in the US affected the market for gbtc a trust that holds Bitcoin And Trades like a stock he says that many hedge funds were buying gbtc at a discount and hedging it with Bitcoin Futures but they Unwound

This trade when the ETF came out causing a lot of selling pressure on bitcoin rul also says that the market quickly moved on to the next opportunity which was the possibility of an ethereum ETF F ethereum started to outperform bitcoin as investors anticipated more demand for the second largest

Cryptocurrency he explains that the Bitcoin ETF is a big deal for the crypto space as it will attract more investors who want exposure to bitcoin without the hassle of buying and storing it directly the timing of the ETF is perfect as it coincides with a bullish phase for

Bitcoin driven by Price narrative and volume he speculates that Bitcoin could reach $100,000 by the end of the year and that it could also enter a bubble cycle where it either spikes and crashes in a short period of time or keeps Rising Beyond expectations for a longer

Period of time the ETF will have a lagged effect as investment advisers will need to convince their clients to buy Bitcoin over time R says that this will create a word of mouth effect as more people will hear about the success of Bitcoin and want to join in let’s

Play that game Huns for as well gave it a 50/50 um and he’s been deeply involved in and all of this and he said the difference with um the Bitcoin ETF is there was that cor ruling from gbtc and they couldn’t not do it so he

Said so you can’t infer that and there’s always complications behind it so he’d say 50/50 and so most people are saying 50/50 um my personal view is actually Gensler one e and BTC into the financial system if they’re the two largest assets you want control of them by the incumbent firms

Because if not it’s a threat to have this independent Financial system it’s a threat to their whole system so even though he hates this stuff he’d rather be Frenemies than enemies so I that’s my punch here is that regardless of what he wants he has to expect accept it maybe they there’s a

Bit of delay a little bit of delay not rejection but delay blah blah blah so let’s say by August which is the second date or something um let’s assume but by August we’ probably got a decent chance I would say 7 75% chance all on crypto

Twitter is everybody is a mid curve that mid curve mean right arguing with each other about what is liquidity what is that is the recession blah blah blah blah blah all day it’s over Val this this this the liquidity curve the the everything code just says liquidity in I buy

It that’s it right and liquidity in drives assets and the more liquidity the more people take more risk simple as that that’s the understanding so when you see liquidity bottoming it allows you to start looking at eth was in that freeall then but it it Maps perfectly liquidity

And liquidity of botom I’m like okay this is a probability you know you got a chart pattern as well that that that it all matches so that liquidity cycle makes it super easy but the everything code is is really the culmination of 30 years work but what I

What most of us didn’t understand was 2008 the entire world changed we know it broke we know the debt system broke and people have been trying to look at the world ever since including myself I only figured this out like two three years ago two years ago and the everything C

Only wrote last year is that something fundamental had changed because of the use of the balance sheet and liquidity to manage things he says that he thinks there is a 50/50 chance of getting an ethereum ETF approved by the SEC based on what he heard from Hunter hor Ley the

CEO of bid wise Asset Management a crypto fund provider the approval of the Bitcoin ETF was influenced by a Court ruling that forc the SEC to accept the conversion of gbtc a trust that holds Bitcoin into an ETF he believes that Gary Gensler the chair of the SEC wants

To bring eth and BTC into the financial system even though he dislikes crypto because he wants to control them and prevent them from creating an independent Financial system he expects some delay but not rejection of the ethereum ETF and that he gives it a 75% chance of Happening by August he follows

A simple rule of buying assets when there is more liquidity in the market which means more money available for investment he says that liquidity drives asset prices and risk-taking behavior he says that he uses the liquidity curve which is a graphical representation of the relationship between liquidity and asset prices to identify opportunities

He says that he sought ET pH bottoming out when liquidity was low and that he expected it to rise when liquidity increased he says that he also used chart patterns to confirm his analysis he wrote a book called The everything code which explains how the world changed after the 2008 financial crisis

He says that he realized that the use of balance sheet and liquidity by central banks and governments to manage the economy had created a new paradigm he says that he spent 30 years studying the markets and that he only figured out this new code 2 years ago and do not

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