☄ Raul Pal: the real altcoin season will only begin in 2026

Raul is one of the most well-known macro analysts, a former Goldman Sachs manager, and co-founder of Real Vision.

He believes that the massive altcoin growth cycle will start in 2026. And today's silence does not indicate market weakness. It is simply a phase between cycles.

• When business activity is weak, people avoid risk. When the economy accelerates, capital moves further along the risk spectrum and into altcoins. The market is being prepared for a flood of liquidity. The White House and large funds are already working in this direction.

• Bitcoin moves in tandem with global money. Almost all of its dynamics mirror the growth and decline of liquidity worldwide. Currently, the price reflects recession fears, although the chances of one are almost nonexistent.

• The main game is based on currency devaluation. Governments need fresh money to service debts. Liquidity is growing year after year, lifting all risky assets. This process is systemic. It will not stop.

• The business cycle after 2008 has become longer and more predictable. After major changes to the debt structure in 2022, the peak of the next cycle has shifted to 2026. According to Pal, this is where the strongest liquidity impulse will begin.

In his view, the current weakness in crypto is not a downturn but a temporary lag behind the macro cycle. When liquidity starts to grow, the crypto market will accelerate faster than any other. And the main phase of movement has not even begun yet.
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