Raoul Pal: "This crypto asset market cycle is similar to 2017...it may continue until Q2 next year"

Raoul Pal, CEO of Real Vision, stated that the current crypto asset (cryptocurrency) market cycle is very similar to 2017, but that factors such as a weak dollar and delayed economic recovery could cause the bull market to progress more slowly, yet endure longer than in the past.

According to Cointelegraph, a crypto asset (cryptocurrency) media outlet, Pal said on the 21st (local time), "This cycle is eerily similar to the 2017 bull market," but added, "However, since the business cycle index remains below 50, it will take more time before a full-scale global economic recovery begins."

Pal noted, "As the weak dollar trend intensifies, the crypto market cycle could lengthen," adding, "This cycle may last until Q2 of 2026."

He also added that sovereign wealth funds in the Middle East he met showed strong interest in cryptocurrency, blockchain, and AI. He emphasized, "The region is not only treating Bitcoin as a reserve asset but also moving to build their entire government infrastructure on a blockchain-based system."