The next uptrend in the crypto market is expected to start in the second quarter of 2024 when the Bitcoin (BTC) halving takes place, macro investor and Real Vision CEO Raoul Pal predicts.
However, the expert is convinced that despite the hype surrounding the halving, macroeconomic factors will play the main role in triggering the next bull market.
As Pal points out, the halving cycle coincides with the macro cycle every four years, meaning that every halving to date has taken place under similar macroeconomic conditions, namely: monetary expansion and low interest rates.
