Investing & Markets

Raoul Pal: Liquidity Wave Drives Crypto Bull Run to 2026

Raoul Pal: Liquidity Wave Drives Crypto Bull Run to 2026

Renowned macro investor Raoul Pal offers a compelling perspective on the current cryptocurrency market cycle, asserting that it is not approaching its zenith but rather embarking on a more robust and prolonged expansion. This significant phase is predicted to extend well into 2026, primarily fueled by an overarching global uptrend in liquidity, intricately linked to the dynamics of government debt. During a specialized “Everything Code” masterclass held on September 25th, co-founder of Real Vision, Pal, alongside Julien Bittel, the head of macro research at Global Macro Investor (GMI), meticulously articulated a comprehensive framework. This framework seamlessly interconnects critical macroeconomic elements such as demographics, government debt levels, systemic liquidity, and the broader business cycle with asset class returns. Within this analytical construct, Pal emphatically argues that both cryptocurrency and technology sectors stand out as the only asset classes inherently struct…

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