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So they've sold that e to buy Bitcoin because of the ETF right and this point in the cycle makes sense fine then what is everybody going to do after the Bitcoin ETF is announced this is Bitcoin outperforming the NASDAQ you don't want to own anything except crypto at thisPoint in the cycle because it starts outperforming Everything today we have real Vision CEO rul pal giving us his updated prediction for crypto why the coming cycle will be different and what we can expect from the coming bull market that could explode in the last quarter of 2023 with crypto and Technology being the biggestInvestments this year R pal says that he's remaining bullish on digital assets after significantly increasing his position size during the last bare Market in a new interview with coin Bureau the former Goldman Sachs executive gives a portfolio update on which crypto assets have the biggest upside in the coming months and why thisYear more than ever we'll see massive Capital pouring into the space with major Pension funds and institutional investors on board for the coming cycle R pal predicts that crypto is on track to be a 10 trillion doll digital asset class pal says that this cycle will separate itself from its predecessors asDevalued Fiat currencies will push more adoption into the crypto market and bring in more Capital than we've ever seen before also we have just partnered with our friends over at Jamie Tree Finance who have just launched a daily 5-minute crypto newsletter it's a fantastic analysis of onchain cryptoData and breakdowns and the best part it's absolutely free so to give out as much value to you as possible we're sending out a 5-minute daily newsletter which will cover expert predictions breakdowns of onchain crypto data and any breaking news that you need to know all in a nutshell click the first linkIn the description and enter your email to join over 5,000 others in becoming a better crypto investor right now it's really Sal and eath Sal eath yeah nothing else adds up to much it's just Sal and eath um and of which salana is the larger bet I haven't held muchBitcoin for for a while because you know I I look at this in terms of network effects and you know my my view is that more things are being built on ethereum it's a richer deeper Network um more use cases and over time I think the value of the ethereum network will beMore valuable than the Bitcoin Network unless something changes now ordinals and stuff like that maybe let's see um and so it's just from that thesis Alone um that I haven't held much Bitcoin I've just thought it'll underperform now it always outperforms in crypto spring the least risk asset in that space alwaysOutperforms at first then what happens as spring turns into summer you start getting outperformance of alts and particularly the large alts first and then the smaller alts later so there's nothing unusual about what's going on also very interesting to see the chart of eth Bitcoin you know kind ofLong-term weekly chart it's been a very interesting yeah that right that to me is an incredibly interesting chart because I actually draw the wedge coming up from 2017 low through the 2020 lows this is what I'm really interested in hly this is right this is a massiveWedge pattern and we're putting in the stuff that I look at Demar indicators everything else they're suggesting the low comes this week next week the week after so I'm thinking that the narrative around eth is going to be wrong it's going to catch people offside people have basically because there's been noNew money in the space so they've sold the eth to buy Bitcoin okay because of the ETF right and this point in the cycle makes sense fine then what happens is the ETF is announced what is everybody going to do after the Bitcoin ETF is announced everyTrader is going to switch their bet from Bitcoin to eth and that changes the dynamic now eth has been kind of as I said struggling around a bit but once it clears 1900 it gets really interesting I think I put a chart yesterday on the ethChart on on my um Twitter feed so what we've got is it's an Elliot wave chart and it's a and it's a beautiful technical pattern of this lovely kind of flag so Elliot wave you tend to get five wave advances ABC declines in a bull market so you hadThis wave up one it tra retraces all the way back down doesn't make a new low that's a wave two then you start on what is a wave three wave threes are the big Dynamic waves but within that breaks down to subwave so this was wave one wave twoWas the correction and now if you break that you go into what's known in the most exciting thing of Elliot wave is a three of three that's where you get the double acceleration Point what we've just seen in salana feels like it's going to happen in eth particularly nowEverybody's underweight eth people have seen the salana move um let say the Bitcoin ETF comes you break that trend line which about 1900 and before you know it you're on your way to 2 and a half thousand and Beyond embracing an unyielding enthusiasm for the crypto realm R confidently predicts that explosive growGrow is looming on the horizon as Black Rock and many other crypto Giants are doing just that pal reassures that a long expected surge awaits leading up to the highly anticipated 2024 Haring event for Bitcoin this is Bitcoin outperforming the NASDAQ versus global 2 right so at thisPoint I call this the super massive black hole you don't want to own anything except crypto at this point in the cycle because it starts outperforming everything this is the weekly Global liquidity index which is um five of the world's largest central banks uh global net liquidity and what we're seeing is it'sNot quite at zero yet right this is the Big Daddy of indicators this is the thing that we get when we put just the outright uh Le weekly liquidity index we got a 97 and a half% correlation with the NASDAQ and 87% with the with Bitcoin so this is theBig Daddy it's not quite there but it's almost at zero you know and once it starts getting to zero we kind of get into what we refer to as the banana Zone when all assets Go Bananas around the time Larry was saying what he said the markets were starting to figure out thatThe real problem was this excess um Supply issuance of bonds and that inflation wasn't going up but bond yields kept rising and it was that moment that gold and crypto picked up very quickly is that the more bond yields go up the more they started going up that correlationChanged and that correlation was driven by the fact I think that the market knew if bond yields are going to go up like this the fed or the government or somebody's going to intervene so you get closer to the cowbell the stimulus the some somebody's going to do something soI think that was a really big factor in it and things started taking off it's like okay if this Bond Market's going to get out of control then you need to hide somewhere and also you know the banks had started going down again as well if you remember yeahOctober 16th like the banks had this little Peak and then started dropping like a stone and so again the Market's job is to forecast the probability of stimulus or a flight to safety and Bitcoin always does well out of it so that's what I think started off and IThink Larry saying the same thing around the same time that the banks turned around you know also adds fuel to the fire I don't know if there's any economic day TR that day but there was probably something around that as well interest rates are too damn high and they have to issueOngoing um bonds to cover the the the deficits but they have to roll the bonds from last four years from three years ago from 1% interest rate to 5% interest rates or five and a half and the problem is to do that you have to issue yet moreBonds to pay for that so we're just getting a wash with issuance and this has been my argument about the everything code is that there is no way governments can issue bonds at 5% interest when you're 100% of GDP in debt because there's not enough economicGrowth to cover it so the central bank has to buy it and what's happening is here we are pushing the central bank to buy it now whether Janet's doing that on purpose is like Jay you're gonna have to take this but I think there's a game being played is likeOkay we'll show the stress we'll create the stress we need to cut rates we can roll this debt at lower levels and if we can find the right excuse like a recession we can roll push it onto the FED balance sheet so if you go back to2008 everybody got the get out of jail free card of zero interest rates so nobody had to pay interest on their debt that was like a gift right zero interest rates every government refunded at zero but for some weird reason they did it between three and 5 yearsThat three and fiveyear debt cycle just keeps rolling over it's exactly the Bitcoin harving cycle it's exactly the economic cycle it's exactly the US election cycle they're all the same thing it's this super cycle this everything code and we're into that point of the cycle now where the balanceSheet should start rising to cover the debts from the previous cycle if that trend line continues to break banks are up strongly today because the yields have gone down again if the banks break then we know they're just going to hit the accelerator button to all of the stimulus banks are brokenHere now this is a long-term chart this could take years to play out or it could happen overnight you just don't know I mean look how fast happened in 20078 but this is the Larry think thing right something is broken and you need a safe haven and I lived through exactly thisIn Europe in 2012 when we almost lost all of our banking system and Cyprus everyone had their money taken out of their accounts that's when I discover Bitcoin because I realized you needed to have a way of holding assets outside that wasn't gold which is not the easiest asset to move around Pal'sAnalysis brings attention to the liquidity cycle as a valuable indicator for understanding debasement signifying a shift in the Market's Direction he identifies a crucial turning point in June where his weekly liquidity index hit its lowest mark this prompted him to focus on purchasing ethereum pal also acknowledges the Divergence betweenLiquidity and asset prices emphasizing that during bull cycles driven by adoption and speculation cryptocurrencies tend to outperform liquidity measures based on his findings rul pal strongly advocates for the Strategic investment in cryptocurrencies specifically highlighting Bitcoin and ether as promising assets he sees them as assets that surpass the performance of traditional financial institutionsBalance sheets and provide a means of protection against currency debasement and the inherent flaws of the current Financial system what is your opinion on Raul Pal's claim that investing in cryptocurrencies like Bitcoin and ether serves as a smart hedge against currency debasement let us know in the commentsBelow thanks so much for watching don't forget to hit the like button and subscribe for more content just like this we'll see you in the next video

FREE Daily On-Chain Analysis & Crypto News In 5-Mins: http://bit.ly/TheCryptoNutshell -------- Raoul Pal thinks the next bull ...