Although Bitcoin’s value dropped 17% in a month and the cryptocurrency market as a whole is experiencing a decline, British financial expert Raoul Pal anticipates a rebound during the current crypto boom.
“A complete mania in the second half of the year… until 2025” will commence after the market “renews itself,” according to the expert, who described the current state of affairs as an ordinary “pause.”
According to Pal, the altcoin bubble typically begins in the summer during crypto, and he predicts that it will burst in the fall.
Ethereum starts to surpass Bitcoin in performance during this time. The ex-CEO of Goldman Sachs (NYSE:GS) also mentioned that this is when solana will begin to gain ground on bitcoin and Ethereum.
Memes will lose value after cryptosummer and autumn put everyone in a euphoric state, and AI and RWA tokens will follow suit.
We are forced to exercise patience in this banana zone as we will witness two more unpleasant corrections as a result of excessive leverage.