Macro guru Raoul Pal, CEO of Real Vision, laid out three possible scenarios for Bitcoin (BTC)'s next run. What kind of a road map is drawn for Bitcoin in three scenarios?
Three Different Scenarios in Bitcoin
In a new interview on the Unchained Crypto YouTube channel, the former Goldman Sachs executive suggested that the most likely scenario for Bitcoin is a traditional cycle in which the leading cryptocurrency rallies somewhere between $100,000 and $200,000. Expert analysts made the following statements in their statements:
“Obviously I'm very optimistic… I have three outcomes I'm planning out in my head. There's a 60% chance we have a very traditional cycle, and that pushes Bitcoin into the $100,000 to $200,000 range and all the other cryptocurrencies accordingly where they are on the risk curve.
Expectations for 2024
Raoul Pal stated that the second scenario, which he believes has a 20% chance of occurring, would be a large inflow of money into the cryptocurrency industry, triggering a larger bull run than expected, and said:
"There's a 20% chance that this early start indicates something much bigger. This means greater adoption and more capital coming into the space. This will lead to larger price increases than people expected. People are pretty hurt because the last cycle was bigger than most people expected." It looked shorter, everyone thought there was another leg higher and it never actually happened… But maybe this time the shock is due to excessive returns beyond expectations.
In the third scenario, Raoul Pal suggested that the cryptocurrency class could see a shorter, front-loaded cycle than the previous one. The famous CEO made the following statements on the subject:
"The other part that I'm also grappling with is that the whole cycle is front-loaded and it's actually shorter but it's going to be more intense in 2024. So those are the three scenarios that I'm planning out in my head.
