Former Goldman Sachs executive Raoul Pal believes that it’s almost time for Bitcoin (BTC) to ignite the next phase of its uptrend.
Pal tells his 1.1 million followers on the social media platform X that Bitcoin tends to follow the global liquidity cycle but with a 10-week lag.
The macro guru shares a chart suggesting that global M2, or the total money supply across the world, has sharply risen after carving a bottom in late 2024. Based on the data, Pal predicts that Bitcoin will soon end its correction and begin sparking fresh rallies.
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“The waiting game is almost over…the 10-week lead is my preferred.”
Source: Raoul Pal/X
While Pal thinks that BTC rallies are imminent, he points out that Global Macro Investor’s (GMI) head
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