Raoul Pal Reveals Timeline Crypto Nearing the Banana Zone as Risk Assets Skyrocket
Bitcoin (BTC) and the rest of the cryptocurrency market are poised for a sustained uptrend, according to former Goldman Sachs executive Raoul Pal. In an interview with crypto trader Scott Melker, Pal highlighted that historically, risk assets like Bitcoin and crypto tend to experience rallies during the fourth quarter of a presidential election year. Pal believes that the autumn will be a period of significant growth for these assets. He also pointed out that politicians often provide stimulus packages during elections, leading to higher inflation and increased prices for digital assets. At the time of writing, Bitcoin is valued at $64,500. Pal also discussed Solana (SOL), noting that the altcoin is respecting its diagonal support and trading within a triangle structure. He suggested that this could be a good entry point to add to a SOL position. Solana is currently valued at $134.72.