“Bitcoin Prices Will Be HUGE This Cycle,” Raoul Pal’s Post-Halving Prediction

“Bitcoin Prices Will Be HUGE This Cycle,” Raoul Pal’s Post-Halving Prediction

people don’t aren’t very good at forecast that even though everyone knows about the harving nobody figures about liquidity so they kind of take current market conditions and say well you know if you remove the supply everything will be fine but what actually happens is because liquidity comes into the markets demand starts exploding at the same time as Supply and it always takes Everybody by surprise now it’s not a one day event it’s not like suddenly you wake up on the 20th of April and bitcoin’s up you know 50% it tends to kind of chop around that period because people are like well it’s in the price and then before you know by June bitcoin’s at $85.95 ,000 and then you’re off to the races and then everyone’s there’s more demand comes in because remember we talked before that as price goes up as number go up more people get involved and there’s less Supply so it starts to get really reflexive so it kind of gets really squeezy and that goes on for a period of time you know some usually about a year and a half after the harving many investors failed to grasp the full potential of bitcoin’s having overlooking its profound impact alongside the Surge and demand fueled by Bitcoin ETF R pal CEOs and Co founder of real Vision a respected macroeconomic expert predicts that bitcoin’s price will surge to approximately $185,000 in June followed by a climb beyond1 95,000 and potentially even higher as we progress through 2024 in his latest interview R emphasizes that Bitcoin adoption is still in its nent stages anticipating significant growth following the upcoming having at the end of April he believes that many investors are underestimating the combined effects of this having and the increased demand from Bitcoin ETF this upcoming having is poised to be the most significant in bitcoin’s history during the 2020 having the new Bitcoin supply per day was reduced from 1,800 to 900 with Bitcoin priced at $17,000 per coin in contrast the 2024 having will further reduce the supply from 900 to 450 new Bitcoin per day with each Bitcoin priced at $770,000 this represents a supply reduction of over1 32 million per day making the 2024 having three times more impactful in US do terms however Rell emphasizes that these price movements won’t occur overnight stay tuned to the end of the video where Rell breaks down his comprehensive crypto Market Outlook and shares his insights on the Acom having because Bitcoin is basically a share of a network the more people who join the network the more value goes up so as the ETF brings people in as people start fearing the governments and their deficits they start looking for different solutions one of the reasons gold has been rallying as the same so what we’re seeing is this was the most successful launch of any ETF in all history which tells you it’s not just an ETF it’s the idea of Bitcoin itself is resonating with people they kind of know they’re getting screwed somewhere by the system and this feels like a way of getting higher returns with more volatility but it kind of saves them from what is going on so let’s assume that this is the largest ETF launch in history and a lot of newbies have come in well it’s happening at a magic time the magic time is what known as the Bitcoin harvi so new Bitcoin comes onto the market via miners Bitcoin miners who undergo huge kind of mathematical calculations to produce a Bitcoin there is fixed number of Bitcoins that can be produced each year so it’s a competition to produce them so you need a lot of computing power and then every four years the algorithm Bitcoin itself halves the number so if there were 100 Bitcoin being produced by miners every day whatever the number is right now after April 20th it goes to 50 so there’s more people coming into the market which is new demand and new Supply is shrinking so all the time the only suppliers really sellers of Bitcoin who hold Bitcoin right now but Bitcoin is one of these weird assets where 80% of all holders just hold it like you and I we just don’t do anything with it we just hold it and so there’s really only 20% that’s available for trading so listen what’s going on is the same story that’s been on for a while we are in the crypto macro spring to Summer transition that is when liquidity starts coming into the system happens to correspond with the US elections ccle because obviously politicians can’t help but give out candy around election time also the Bitcoin harving time so Bitcoin Haring reduces the supply and then there was the ETF so basically we’ve got a perfect setup of liquidity plus new demand plus reduced Supply there’s bare markets in all assets and this is just an asset and it’s a very reflexive asset so it tends to OV exaggerate the moves there is a good question within that is the severity of the downside markets that in Bitcoin were classically 80 perish last one was 65 so it’s less than others is that that changed because of the ETF well obviously many of the ETF holders faced with their first round of volatility in the space will Panic out much like everybody else but that’s fine but I think there’s going to be a bunch of the millennial cohorts who are going to put it in their 401k and that’s every 2 week buying regardless so my guess is that it’ll dampen the volatility to the downside so next time around it won’t be down 85 it won’t be down 75 it won’t be down 65 but maybe it’s down 45 50 I’m mean I continue to be very bullish this year and very bullish for most of next year and people don’t aren’t very good at forecast that even though everyone knows about the harving nobody figures about liquidity so they kind of take current market conditions and say well you know if you remove the supply everything will be fine but what actually happens is because liquidity comes into the markets demand starts exploding at the same time as Supply and it always takes Everybody by surprise now not a one day event it’s not like suddenly you wake up on the 20th of April and bitcoin’s up you know 50% it tends to kind of chop around that period because people are like well it’s in the price and before you know by June bitcoin’s at 85 95,000 something like that and then and then you’re off to the races and then everyone’s there’s more demand comes in cuz remember we talked before that as price goes up as number go up more people get involved and there’s less Supply so it starts to get really reflexive so it kind of gets really squeezy and that goes on for a period of time you know some usually about a year and a half after the harving every single asset on Earth versus Bitcoin since 2012 is down 99.9 9% none of us expected $1 billion of demand in 6 weeks or whatever stupid number it was right we can’t it might do in a year because that’s what Golds did g uh GLD in his first year but it did it in record short amount of time and it doesn’t seem to be slowing down so no it wasn’t priced in we didn’t realize how many Ordinary People raas and investors are starting to realize this issue that you’re talking about is I need something to protect me protect my wealth into the future and maybe make me money not just protect my savings but I want to make some money too and this does that as it says you know if you hold Bitcoin over a few years you can buy something like five times as much S&P 500 just in a few years so your purchasing power is going up dramatically every year you own it and that even takes into account the fact that it goes down every four years a significant amount over the long run doesn’t really Mass think of why most people have bought gold it’s to protect themselves from the action of central banks has proven itself over several thousand years to be a way of having a store of value Bitcoin is that for a digital age okay most people know that story they don’t understand the other side of the story is why does nobody feel as wealthy as they thought they should be you know particularly if you’re a bit older you’re like why are my savings not as much as I thought there would be or I can’t afford as much right that’s the big conundrum and the fact is is that particularly since 2008 when we broke the world because of debt we have been using the printing of money to try to paper over the cracks because economic growth from an aging population is slower we don’t have much productivity CU people are retiring and we’ve got too much debt so people have to service the debt so the central banks have been doing a bit of magic which is printing of money at one point it was called quantitative easing now they don’t do that as much anymore cuz everyone knows that game cuz that’s the money printer go bur so what they do is they inject liquidity into the system whether through all these weird things you hear about like reverse repo markets stuff like that basically it’s to hide the printing of money putting into the system when you look at that on a globalized level cuz everybody’s doing it you’re debasing level of fit currency and what that means is your dollar today buys you less assets tomorrow now why do we buy assets we buy assets to save money for future consumption so if I were to buy gold today it’s because I want to release it in future and I want its purchasing power protector for it to go up now when you look at what’s happening with with the debasement of currency they’re debasing currency by about 8% on year on average amongst all the global central banks add in about 3 to 4% Global inflation you have 12% hurdle rate on your assets before you actually make any money so your savings you need to be making 8 12% now over the last since 2012 the SMP 500 has made 12% annualized the NASDAQ has made about 24% annualized so tech stocks have helped but crypto is the one that really offsets this and allows you to generate a lot of weal so if you’re in your 50 like me or your 60s and you’re thinking I just don’t know if my retirement savings are enough then a small allocation to an asset that does 150% a year will compound massively and will help you in having purchasing power in your retirement because nobody wants to be broke when they’re 85 years old that’s everybody’s

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