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Real Vision CEO and macro expert Raoul Pal has presented three possible scenarios for Bitcoin‘s (BTC) next run. What roadmap is being drawn for Bitcoin in these three scenarios?
Three Different Scenarios for 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, where the leading cryptocurrency is consolidated somewhere between 100,000 and 200,000 dollars. The expert analyst stated:
I’m obviously very optimistic… I have three outcomes planned in my head. With a 60% probability, we have a very traditional cycle, and this pushes Bitcoin to the range of 100,000 to 200,000 dollars and accordingly pushes all other cryptocurrencies to their place on the risk curve.
Expectations for the Year 2024
Raoul Pal explains his second scenario, which he believes has a 20% chance of happening, suggesting that a large influx of money into the cryptocurrency industry will trigger a larger bull run than expected. He stated:
The possibility of this early start pointing to something much bigger is 20%. This means more adoption and more capital entering the field. This leads to larger price increases than people expect. People were pretty wounded because the last cycle seemed shorter than most people expected, everyone thought there was a higher final leg and it actually never happened… But maybe this time it’s due to excessive returns beyond shock expectations.
In the third scenario, Raoul Pal suggests that the cryptocurrency class could see a shorter, front-loaded cycle than the previous one. The famous CEO stated:
The other side I’m also wrestling with is the whole cycle being front-loaded and actually being shorter but more intense in 2024. So these are the three scenarios I’ve planned in my head.
