Raoul Pal talked about how, against the backdrop of Bitcoin's price swings, many debates have arisen in the crypto community regarding whether Bitcoin, along with the cryptocurrency market, has reached its peak.
"Many fear that the market is about to collapse or that Bitcoin could fall to $75,000. However, in my opinion, many of these concerns are exaggerated," Pal stated.
In his conclusions, he adheres to the concept of the "banana zone," which represents a sequence of phases through which Bitcoin goes: a surge in interest, a correction, and an altcoin season before a new rise.