Sunday, April 11, 2021

Bitcoin (BTC) New Bull Cycle Will Beat Many Expectations –Real Vision CEO Raoul Pal Claims

The CEO of Real Vision, Raoul Pal, has claimed that Bitcoin (BTC)’s new bull cycle would be bigger than what most traders and investors expect.

He said this in a new interview with Lark Davis. In the course of the interview, Pal emphasized the nature of the current bitcoin’s bull cycle, stating that it will be far different from the last Bull Run due to the number of institutional investors that are joining the Bitcoin bandwagon.

Aside from the influx of institutional investors into Bitcoin, the Real Vision CEO expects an exchange-traded fund of BTC to positively impact the rally.

Read Also: Someone Just Paid $47,000 to Send $194 worth of Bitcoin (BTC)

Moreover, Pal expects an increase in acquisitions in the cryptocurrency ecosystem:

“It is, I think, gigantically different. Firstly, look at the acceleration of this post-halving versus the previous one. It’s faster, which none of us expected. We were all expecting the slope to be less. So far, not true. Now, it’s early days. So that’s interesting to me.

“Also, the structure of the market before was retail investors. Now here we’ve got institutions. Some of them will buy and hold, but as you bring in hedge funds, you’ll start bringing new supply into the market because they’ll trade it more and they’ll trade it in big size. So they’ll be selling some, buying it back, selling some, getting short.

“That’s a different structure than we’re used to. What that actually does is lower the volatility of Bitcoin over time. So the texture and feel of Bitcoin will be different. Over time, the next cycle, the returns will be significantly lower in terms of percentage returns. This one, I have a hunch that this will be bigger than anybody imagines…

“The structure of the market is changing. But I have a feeling that this is going to be a little more shocking than people imagine… If I just take the log chart and put regression lines on it, if it gets to two standard deviations overboard which is roughly where it got to the last two peaks, that’s a million bucks.

Read Also: Is There A Possibility of Bitcoin Hitting $400k? Massive Prediction of Wall Street Veteran Is Analyzed

“It’s coming (Bitcoin ETF). It’s coming soon. And when it comes, it’s going to give another whole leg into this space because there are a lot of people who are not comfortable paying massive premiums for Grayscale (Bitcoin Trust).

“I am also hearing incredible stories of these massive hedge fund platforms trying to buy every single independent crypto hedge fund to add it to their platform…

“Most of these funds are small. They are like $20 million funds and suddenly they are going to be $200 million funds.”

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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