It has been revealed the fact that there are three possible Bitcoin bullish scenarios on the table. Check out the latest reports about this below.
Three bullish BTC scenarios
Raoul Pal, a macro expert and the CEO of Real Vision, has presented three potential scenarios for Bitcoin’s (BTC) next upward trend.
In a recent interview on the Unchained Crypto YouTube channel, the former Goldman Sachs executive stated that the most probable outcome for Bitcoin is a conventional cycle in which the cryptocurrency leader surges to somewhere between $100,000 and $200,000.
“I am obviously very bullish… I’ve got three outcomes in my head that I’m juggling with. The 60% probability is we have kind of a very traditional cycle and that pushes Bitcoin up to the $100,000 to $200,000 range and all the other assets accordingly where they are on the risk curve.”
Pal believes that there are three possible scenarios for the digital assets industry. In the first scenario, the industry will follow a typical cycle, with an initial bull run followed by a bear market.
The second scenario is more optimistic, with a 20% chance that the current early start of the bull run signifies a larger adoption and more capital into the space, resulting in larger price rises than expected.
In the third scenario, the industry may see a front-loaded cycle that is even shorter than the last.
Pal notes that people are cautious due to the previous cycle seeming shorter than expected, but this time there is a possibility of excess returns beyond expectations.
“The other side that I grapple with as well is [that] the whole cycle’s front-loaded and in fact, it’s shorter, but more violent in 2024. So those are the three scenarios that I’m juggling in my head.”
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $43,900.
