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Bitcoin (BTC) Price Will Explode Soon, Says Former Goldman Sachs Executive

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VOC, Voice of Crypto, Bitcoin, BTC

Key Insights

  • Pal believes the value of cryptocurrencies across the market will rise when liquidity returns.
  • Pal also asserts that with the present level of network activity, Bitcoin is poised for an explosive surge to the upside.
  • From the mathematical multiplier, prices will increase exponentially as adoption (users) and value (use cases) increase.

 

Former Goldman Sachs executive Raoul Pal has explained when a bull run will occur in a new Bitcoin and Ethereum Prediction.

In one of his most recent tweets, the Former Goldman Sachs executive explained that when the global economic conditions improve enough to produce the much-needed liquidity in the market, Bitcoin and several altcoins will explode to the upside.

In the thread to his more than 900 thousand followers, Pal explained that the value of cryptocurrencies across the market should rise when liquidity returns. This rise will then bring in more investors.

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He also notes that the reverse may occur, and the inflow of investors may bring in liquidity. However, one of these happening first will create a multiplier effect and produce exponential returns.

Bitcoin’s Network Activity and Active Users

Pal also asserts that with the present level of network activity, Bitcoin is poised for an explosive surge to the upside.

In his tweet, he explains that even while trading volumes decline during bear markets, the number of active users stays higher (ongoing adoption).

From the mathematical multiplier, prices will increase exponentially as adoption (users) and value (use cases) increase.

Chart showing the increase in active address count, VOC, Voice of crypto

Chart showing the increase in active address count| Source: Raoul Pal/Twitter

He also says that Metcalfe’s Law-based Bitcoin model demonstrates that network users have not decreased as much as they have in prior bear markets. In simple terms, Metcalfe’s Law argues that a network rises in value as the number of users on the network increases.

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In his words, network activity peaked in 2020 and then again in 2021. However, it has since been declining due to the current bear market.

This liquidity cycle’s correction has thus far been less than it was in earlier dips due to the gradual decline in network activity.

Chart showing Bitcoin average transfer , VOC, Voice of crypto

Chart showing Bitcoin’s average transfer value | Source: Raoul Pal/Twitter

He argues that while the number of users actively using the network has remained essentially unchanged, the effects of the current bear market are less pronounced than the decline of 2019. This, according to Pal, indicates a broader adoption.

Disclaimer: Voice of crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

 

 

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Jim Haastrup is a freelance blockchain and metaverse writer. He helps founders, investors, startups, crypto, and blockchain enthusiasts connect with their audience and win investment through the written word.

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