Macro Indicators Suggesting Bitcoin Rallies Just Getting Started, According to Ex-Goldman Sachs Executive - The Daily Hodl

The Daily Hodl
The Daily Hodl

21 Nov 2023 10:15 AM

Real Vision CEO Raoul Pal thinks Bitcoin's (BTC) rally is all about the global liquidity cycle. In a new analysis, the former Goldman Sachs executive lays out how he believes crypto is tied into the traditional macroeconomic framework....

  • Real Vision CEO Raoul Pal believes that Bitcoin's recent rally is connected to the global liquidity cycle.
  • Pal compares the ISM manufacturing index, a barometer for the business cycle, with Bitcoin's current position in the cycle and finds a close correlation.
  • He also looks at global M2, a money supply metric, and suggests that Bitcoin's lead over ISM is driven by the upward trajectory of the liquidity cycle.
  • Pal's models indicate that the liquidity cycle bottomed in October 2022 and is expected to continue rising until 2024.
  • At the time of writing, Bitcoin is valued at $37,581.

The sentiment of the article is generally positive, as it highlights Bitcoin's rally and its correlation with the global liquidity cycle. Raoul Pal's analysis suggests a positive outlook for Bitcoin and tech stocks.

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You May Ask

What does Raoul Pal believe is driving Bitcoin's rally?How does Pal compare Bitcoin's position in the cycle with the ISM manufacturing index?What is global M2, and how does it relate to Bitcoin's lead over ISM?When does Pal's model suggest the liquidity cycle bottomed, and how long is the expected upward trajectory?What is the current value of Bitcoin?

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