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Raoul Pal Sees 2017 Parallels in Current Crypto Cycle—Is Q2 2026 the New Peak?
- Real Vision’s Raoul Pal sees similarities between the current crypto market and 2017, with steady price gains and anticipation of a big December rally.
- Bitcoin (BTC) started 2017 around $1,000, climbed to $2,000 by May, and briefly hit $19,000 by December.
- Raoul Pal suggests that the current crypto market cycle feels like a delayed version of 2017 and could stretch into Q1 of 2026 due to the dollar's breakdown.
- He hints that the current market vibe resembles 2020 more than 2021, indicating we might be earlier in the growth phase than perceived.
- In 2017, Bitcoin surpassed $1,000 in January, Ethereum surged past $50 fueled by ICOs, and BTC hit its peak of $20,089 in December before a sharp correction.
- Raoul Pal observes a strong push for AI and blockchain adoption across the Middle East, with a focus on government infrastructure.
- Countries like Pakistan, Bhutan, and the US are exploring integrating Bitcoin into their systems, with plans for centralized wallets and crypto reserves.
- Pal emphasizes the need for institutional involvement for the crypto market to reach projected levels, mentioning moves by companies to hold Bitcoin and other altcoins in their treasuries.
- Bitcoin predictions include a potential climb past $140,000 by July 2025, with current struggles around $103,800.
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