Zinger Key Points
- Raoul Pal envisions Bitcoin anchoring the crypto ecosystem, projecting a potential $100 trillion market cap by 2034.
- He compares this cycle to 2016–17 and sees BTC exceeding $250,000.
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Raoul Pal, macro strategist and founder of Real Vision, discussed his bullish outlook on Bitcoin’s BTC/USD current market position, predicting more upside for the apex crypto.
In a new ‘The Journey Man’ podcast published on Sunday, Pal emphasized Bitcoin's pivotal role in shaping the financial future and its potential for exponential growth.
He criticized the perception of Bitcoin as “expensive,” calling it a result of anchoring bias. Instead, he urged investors to consider percentage-based returns rather than absolute prices.
"Bitcoin is really the anchor for the whole space," Pal said, envisioning its total market value reaching an astounding $100 trillion by 2034.
Pal anticipates the current crypto cycle will peak later than most expect, likely in late 2025 or early 2026, driven by global liquidity trends.
He predicts this cycle will feature a "violent upside" for Bitcoin, with prices well above $250,000.
Comparing it to the 2016–17 cycle, he highlighted the current market's structural similarities but warned investors against trying to time the peak.
Pal called Bitcoin ETFs a "Trojan horse" that will unlock institutional adoption, further integrating Bitcoin with traditional finance.
He described Bitcoin as a hedge against the debasement of fiat currencies, exacerbated by demographic trends and global debt cycles. Pal recommends investors to start with Bitcoin as a core holding and then gradually add Ethereum ETH/USD and other large-cap cryptocurrencies
Also Read: CoinShares CEO Optimistic About Bitcoin ETFs, Ethereum Under Trump
Pal views Bitcoin's growth as integral to global financial restructuring, despite ongoing skepticism from traditional institutions like The Economist.
"Traditional gatekeepers still clash with decentralized financial models," Pal observed, highlighting Bitcoin's disruptive potential.
Crypto trader Michaёl van de Poppe echoed Pal's sentiments, noting Bitcoin's growing acceptance despite resistance from legacy media, which often dismisses it as speculative.
Van de Poppe advocated for greater education about Bitcoin to demystify its role and legitimize its adoption.
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