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Raoul Pal: The current bull cycle should peak in 2026, and cryptocurrencies are essentially a macro asset.

Raoul Pal: The current bull cycle should peak in 2026, and cryptocurrencies are essentially a macro asset.

2025-12-11 17:38

ChainThink message, December 11: Raoul Pal, former Goldman Sachs executive, author of "The Global Macro Investor," and co-founder and CEO of Real Vision, stated at the Solana Breakpoint conference:


"A declining labor force participation rate means a shrinking working-age population. Demographics are a key driver of debt. As population growth continues to decline, the debt-to-GDP ratio will keep rising—this is the core issue."





Moreover, altcoin-to-Bitcoin cross-exchange rates are driven by business cycles, which appear to be hitting bottom, not topping out."

#Bitcoin Halving

Disclaimer: Contains third-party opinions, does not constitute financial advice

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