Macro factors to spark next crypto bull market in Q2 2024, Real Vision's Raoul Pal says

Macro investor and Real Vision CEO Raoul Pal believes that the next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place. He is convinced that despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend.

What are macro factors?

Macro factors are large-scale economic trends that can have a significant impact on the overall market. Some common examples of macro factors include:

• Interest rates
• Inflation
• GDP growth
• Unemployment rates
• Government policy

How do macro factors affect the crypto market?

Macro factors can affect the crypto market in a number of ways. For example, if interest rates are rising, it can make it more expensive to borrow money, which can lead to a decrease in investment in risky assets like cryptocurrencies. Conversely, if interest rates are falling, it can make it cheaper to borrow money, which can lead to an increase in investment in risky assets.

Inflation is another important macro factor to consider. When inflation is high, it means that the value of money is decreasing over time. This can make people more likely to invest in assets that they believe will hold their value, such as cryptocurrencies.

GDP growth is another important macro factor to consider. When GDP growth is strong, it means that the economy is growing and people have more money to spend. This can lead to an increase in demand for all types of assets, including cryptocurrency interviews.

Unemployment rates are another important macro factor to consider. When unemployment rates are low, it means that more people are employed and have money to spend. This can lead to an increase in demand for all types of assets, including cryptocurrencies.

Finally, government policy can also have a significant impact on the crypto market. For example, if a government decides to ban or regulate cryptocurrencies, it could have a negative impact on the market. Conversely, if a government decides to support cryptocurrencies, it could have a positive impact on the market.

How do macro factors support a crypto bull market in Q2 2024?

Raoul Pal believes that a number of macro factors are supportive of a crypto bull market in Q2 2024. These factors include:

• Central banks cutting interest rates
• Potential fiscal stimulus that could precede the United States presidential election
• The Bitcoin halving

Central banks around the world have been raising interest rates in an effort to combat inflation. However, Pal believes that central banks will be forced to cut interest rates in 2024 in order to prevent a recession. This would be positive for the crypto market, as it would make it cheaper to borrow money and invest in risky assets.

Pal also believes that the United States government may engage in fiscal stimulus in 2024 in order to boost the economy and win the presidential election. This would also be positive for the crypto market, as it would put more money into the hands of consumers and investors.

Finally, the Bitcoin halving is scheduled to take place in Q2 2024. This event occurs every four years and reduces the amount of Bitcoin that is rewarded to miners by half. This has historically led to an increase in the price of Bitcoin, as it reduces the supply of new coins coming onto the market.

Macro investor and Real Vision CEO Raoul Pal interview believes that the next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place. He is convinced that despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend.

Pal believes that a number of macro factors are supportive of a crypto bull market in Q2 2024, including central banks cutting interest rates, potential fiscal stimulus, and the Bitcoin halving.

It is important to note that Pal's prediction is just that - a prediction. The crypto market is notoriously volatile and unpredictable. However, Pal's prediction is based on a number of sound macro factors, and it is worth considering for investors who are interested in the crypto market.