{"id":143810,"date":"2021-11-05T07:27:29","date_gmt":"2021-11-05T07:27:29","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143810"},"modified":"2021-11-05T07:27:29","modified_gmt":"2021-11-05T07:27:29","slug":"raoul-pal-expect-the-path-of-most-pain-around-december","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/raoul-pal-expect-the-path-of-most-pain-around-december\/","title":{"rendered":"Raoul Pal: Expect the 'path of most pain' around December"},"content":{"rendered":"

Former Goldman Sachs hedge fund manager and founder of Real Vision, Raoul Pal, believes that the social media pundits are wrong and the crypto market cycle won\u2019t end this year. <\/p>\n

But things might get a bit hairy on the way. <\/p>\n

In a Real Vision interview on Nov. 3rd Pal predicted that the current bull run won\u2019t end in December as it did spectacularly in 2015 and 2017, and will instead extend to some time between March and June. <\/p>\n

According to Pal, Bitcoin, Ethereum and altcoin markets are likely to \u201ctake the path of most pain\u201d, potentially crashing twice over the next six months. <\/p>\n

\u201cMy guess is that we probably have a sell-off, and then it rips again because that is the path of most pain and markets tend to take the path of most pain.\u201d<\/p><\/blockquote>\n

Cointelegraph reported on Nov. 4th that on-chain data source Econometrics data suggests that if the current cycle follows the same pattern as 2017, the next BTC price peak could be as much as $253,800.<\/p>\n

Over the course of 2021 Pal has become increasingly bullish on Ethereum, describing it in August as \u201cthe greatest trade.\u201d He said that the upcoming launch of Eth2 and the potential launch of an Ethereum ETF in the first half of 2022 may be catalysts for a massive rally, broadening access to the crypto market and attracting large institutions.<\/p>\n

\u201c<\/strong>Institutions tend to make asset allocation decisions by quarters, and my guess is January to March quarter next year we\u2019re goingto see a huge inflow.”<\/p><\/blockquote>\n

\u201cEverybody is staking their ETH. It\u2019s creating this incredible supply and demand imbalance in ETH where there\u2019s only about 11% of the total ETH supply available. Everything else is locked up for this staking,\u201d he said. <\/p>\n

Read more: <\/em><\/strong>Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats<\/em><\/strong><\/p>\n

\u201cAll of that means that we\u2019re likely to see an extended cycle, and I think it extends into between March and June, and that would be a new phase.\u201d<\/p>\n

Bitcoin was created in 2009, and so far has moved in market cycles of approximately four years, around the halving, which is when the mining block reward is cut in half, reducing the BTC supply. <\/p>\n

Halvings occurred in 2012 and 2016 with the last halving happened in May 2020. While Bitcoin is up 7.3 times since, an increasing number of analysts think that with mainstream adoption, the cycles will no longer dominate.. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Former Goldman Sachs hedge fund manager and<\/p>\n","protected":false},"author":3,"featured_media":143809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nRaoul Pal: Expect the 'path of most pain' around December - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/raoul-pal-expect-the-path-of-most-pain-around-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raoul Pal: Expect the 'path of most pain' around December - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Former Goldman Sachs hedge fund manager and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/raoul-pal-expect-the-path-of-most-pain-around-december\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-05T07:27:29+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/11\/Raoul-Pal-Expect-the-path-of-most-pain-around-December.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/raoul-pal-expect-the-path-of-most-pain-around-december\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/raoul-pal-expect-the-path-of-most-pain-around-december\/\",\"name\":\"Raoul Pal: Expect the 'path of most pain' around December - 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