According to macro investor and Real Vision CEO Raoul Pal, macro factors will play a dominant role in sparking the next crypto bull market, which he predicts will begin in Q2 2024. Despite the hype surrounding the Bitcoin halving, Pal believes that macroeconomic conditions, such as monetary expansion and low interest rates, are the main drivers of the market. He also points to central banks cutting interest rates and potential fiscal stimulus as catalysts for the crypto market in the coming year. While Pal avoids making specific price predictions, he believes that Bitcoin could potentially double or triple its previous all-time highs.
