Former Goldman Sachs executive and Real Vision CEO Raoul Pal is predicting a significant Bitcoin (BTC) breakout rally driven by rising global liquidity. Pal highlights key economic indicators that suggest Bitcoin could surge to unprecedented levels.
Sharing his insights with over a million followers on the social media platform X, Raoul Pal mentions that Bitcoin’s upward movement is closely aligned with increasing global liquidity. Pal uses a visual comparison to underscore this relationship, which could lead Bitcoin to potentially touch the $90,000 mark by November.
Bitcoin and Global Liquidity: A Telling Connection
Pal further elaborates that Bitcoin’s price movements have a historical correlation with the global money supply (M2) metric. This relationship points to Bitcoin gearing up for a massive upward trajectory. He states, “Close, very close. Global M2 versus BTC,” hinting at an imminent breakout driven by these financial metrics.
Macro Economic Conditions Favor Bitcoin’s Surge
Adding weight to Pal’s projections, Real Vision macro expert Julien Bittel also observes that macroeconomic conditions are improving, injecting fresh liquidity into the markets. According to Bittel, this development is particularly bullish for risk-on assets like Bitcoin. He remarks, “Hang in there, bulls. It’s felt like an eternity trapped in ‘The Boring Zone,’ but there’s finally some light at the end of the tunnel. Liquidity is on the rise again, and Bitcoin – being extremely sensitive to changes in liquidity conditions – has the potential to move explosively as fresh liquidity flows into the system. The macro environment is shifting. A major liquidity wave is now on the horizon, and when it hits, Bitcoin looks primed for a strong push higher in Q4. Patience is the name of the game now.”
At the time of writing, Bitcoin is trading at $60,219, reflecting an increase of over 3% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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