CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Cryptopolitan 2025-06-21 10:48:28

Raoul Pal says the current crypto cycle is like 2017

Crypto research platform Real Vision CEO Raoul Pal has said the current crypto cycle is very similar to the one that was witnessed in 2017. According to Pal, Bitcoin posted a steady uptrend all through the year before skyrocketing towards the end of the year. The Real Vision CEO gave his verdict via a video, where he said, “It’s spookily similar to 2017.” Pal also said he is beginning to see a longer crypto cycle, forecasting that it might take a while this time around given the business cycle score. The business cycle score, according to Pal, is a macroeconomic model he uses to track the position of the global economy in the broader cycle. He added that it is still below 50 and it generally “takes a while to climb up.” Raoul Pal sees similarities in the current and 2017 crypto market cycle According to CoinMarketCap data, Bitcoin started trading around $1,044 at the beginning of 2017, before rising to around $2,187 by May 31. The premier digital asset went on to close the year at $14,156, signifying a massive rise of 1,255% from the price at the beginning of the year. While Pal predicts the same movement, he acknowledges that a weaker US dollar could indicate a slower crypto cycle, which means it will take time before it reaches its peak. “With the dollar breaking down even today, it’s starting to suggest this may go into Q2 2026,” he said. Since the beginning of the year, the US Dollar Index has been down 8.995, sitting at 98.77 at the time of writing, according to data from TradingView. Bitcoin and DXY are inversely correlated. This means that when the dollar weakens, Bitcoin becomes more attractive not just as a speculative investment but as an alternative currency. Pal also added that macroeconomic data has been a primary reason why the crypto cycle has always shifted further back. “It’s like the whole cycle got shifted cause rates didn’t get adjusted; the dollar was sideways for some time,” he said. He also said that the current market may show signs of looking like the market in 2020 more than the one in 2021, suggesting that it could be at an earlier growth phase than many are predicting. Bitcoin began 2020 at $7,174, but dropped by 27% in March to $5,227. The asset then rebounded 129% to hit $11,990 in August, before witnessing a 304% increase, ending the year at $28,993. Pal added that the market needs to continue expanding to attract big players. He discussed his recent trip to the Middle East where he met with Sovereign Wealth Funds, adding that most of them were bullish on crypto. “The mandate across the entire region, from Saudi to Abu Dhabi to Dubai to Bahrain to Qatar, is AI and blockchain,” he said. He also added that things should evolve past just seeing Bitcoin as a reserve asset, noting that nations need to start building their entire government infrastructure on blockchain. Global governments have been making moves in the crypto sector since the beginning of the year. A typical example is Pakistan, with the country looking for ways to create a draft bill that could be passed in the near future to regulate digital assets. In addition, the country plans to formulate regulations that will protect its investors and attract global players into its digital asset hub. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen