Macro factors to spark next crypto bull market in Q2 2024, Real Vision?s Raoul Pal says

Raoul Pal, the co-founder and CEO of macro investment research firm Real Vision, believes that the next crypto bull market is likely to start in Q2 2024. He attributes this to a number of macro factors, including:

• The Bitcoin halving: The Bitcoin halving is a scheduled event that occurs every 210,000 blocks (approximately every four years) and reduces the amount of Bitcoin rewarded to miners by 50%. This event is widely believed to have a positive impact on the Bitcoin price, as it reduces the supply of new Bitcoin coming onto the market.
• The end of the US Federal Reserve's interest rate hikes: The Fed is currently raising interest rates in an effort to combat inflation. However, Pal believes that the Fed will be forced to pivot and start cutting interest rates in 2024. This would create a more favorable environment for risk assets, including cryptocurrency.
• The increasing adoption of cryptocurrency by institutional investors: Institutional investors, such as hedge funds and pension funds, are increasingly investing in cryptocurrency. This trend is likely to continue in the coming years, as more and more investors recognize the potential of cryptocurrency as an asset class.

The Bitcoin halving and its impact on the crypto market

The Bitcoin halving is one of the most important events in the crypto calendar. It is widely believed to have a positive impact on the Bitcoin price, as it reduces the supply of new Bitcoin coming onto the market.

The next Bitcoin halving is scheduled to occur in May 2024. This means that the Bitcoin supply will be reduced by 50% in that month.

Historically, the Bitcoin price has tended to rally in the months leading up to and after the halving. For example, the Bitcoin price rallied by over 2,000% in the year following the 2020 halving.

The end of the Fed's interest rate hikes and its impact on the crypto market

The Fed is currently raising interest rates in an effort to combat inflation. However, Pal believes that the Fed will be forced to pivot and start cutting interest rates in 2024.

This is because the Fed is likely to cause a recession if it continues to raise interest rates at the current pace. A recession would have a negative impact on the economy and would lead to a decline in risk assets, including cryptocurrency.

However, if the Fed pivots and starts cutting interest rates in 2024, this would create a more favorable environment for risk assets. This could lead to a rally in the crypto market.

The increasing adoption of cryptocurrency by institutional investors

Institutional investors, such as hedge funds and pension funds, are increasingly investing in cryptocurrency. This trend is likely to continue in the coming years, as more and more investors recognize the potential of cryptocurrency as an asset class.

The increasing adoption of cryptocurrency by institutional investors is a positive sign for the crypto market. It shows that cryptocurrency is becoming more mainstream and that investors are increasingly seeing it as a viable investment.

Raoul Pal interviews believes that the next crypto bull market is likely to start in Q2 2024. He attributes this to a number of macro factors, including the Bitcoin halving, the end of the Fed's interest rate hikes, and the increasing adoption of cryptocurrency by institutional investors.

While it is impossible to predict the future with certainty, Pal's analysis suggests that the crypto market is poised for a major rally in the coming years.

Additional factors that could contribute to the next crypto bull market

In addition to the macro factors mentioned by Real Vision Raoul Pal interviews, there are a number of other factors that could contribute to the next crypto bull market. These include:

• The continued development of the crypto ecosystem: The crypto ecosystem is constantly evolving, with new projects and applications being launched all the time. This continued development is making cryptocurrency more attractive to users and investors alike.
• The increasing popularity of decentralized finance (DeFi): DeFi is a financial system that is built on blockchain technology and does not require intermediaries such as banks. DeFi is becoming increasingly popular, as it offers users a number of advantages over traditional financial systems, such as greater transparency and lower fees.
• The adoption of cryptocurrency by governments and businesses: A number of governments and businesses are starting to adopt cryptocurrency. This is a positive sign for the crypto market, as it shows that cryptocurrency interviews is becoming more mainstream.