Crypto Cycle ‘Spookily Similar’ to 2017

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The current crypto market is mirroring the pattern seen in 2017 when Bitcoin posted a steady uptrend throughout the year before skyrocketing in December, says crypto research platform Real Vision CEO Raoul Pal.

“It’s spookily similar to 2017,” Pal said in a video on Thursday. Pal said he is starting to forecast a longer crypto cycle this time around given that the business cycle score — a macroeconomic model he uses to track where the global economy is in the broader cycle — is “still below 50” and it generally “takes a while to climb…



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Crypto Cycle ‘Spookily Similar’ to 2017


The current crypto market is mirroring the pattern seen in 2017 when Bitcoin posted a steady uptrend throughout the year before skyrocketing in December, says crypto research platform Real Vision CEO Raoul Pal.

“It’s spookily similar to 2017,” Pal said in a video on Thursday. Pal said he is starting to forecast a longer crypto cycle this time around given that the business cycle score — a macroeconomic model he uses to track where the global economy is in the broader cycle — is “still below 50” and it generally “takes a while to climb…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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