The highly anticipated Bitcoin Halving event has passed, but if you’re asking, will Bitcoin Go Up After Halving? Here’s what Raoul Pal and Arthur Hayes think about crypto price prospects and macro summer 2024.
Crypto royalty Arthur Hayes of BitMEX and former Goldman Sachs exec Raoul Pal have a new rallying cry for getting rich: forget 90% of stocks. They’re yesterday’s game.
The duo is pointing to crypto and tech for a period they dub ‘Macro Summer’—a season of record all-time highs for Bitcoin.
And spoilers: It’s about to happen very soon.
According to Pal, Macro Summer is when interest rates fall, CPI falls, and growth picks up—the Holy Grail of investing.
“We should be in Macro Summer for all of 2024 and into 2025,” Pal said in an interview on The Julia La Roche Show.
“My forward-looking basis is that the economy picks up, inflation keeps falling, overshooting to the downside, and the markets are already showing how excited they are about this idea.”
So, if you’re asking, will Bitcoin Go Up After Halving? Here’s what Raoul told his followers this on X:
“Bitcoin LOVES macro summer and fall even more. Crypto summer has started and fully develops post-halving…it’s all the same Everything Code cycle…”
If Macro Summer is 2024 and 2025, they will be prime years to build wealth for yourself and your family.
This article discuss how to prepare for Macro Summer, which altcoins will perform best, and whether Bitcoin will go up after Halving.
These Cryptos Perform Best in Macro Summer (Will Bitcoin Go Up After Halving?)
Macro Summer is part of Raoul’s “Everything Code” theory. Listen up; this will change how you invest.
The “Everything Code” is his blueprint for understanding how major economic cycles work.
By analyzing patterns from past crises—like 2008, the big one—we can see how low-interest rates post-crisis lead to cheap money.
This cheap money doesn’t sit around; it gets poured into assets, pumping up their prices and setting the stage for the next cycle of boom and bust.
Not inflation, it’s debasement of currency to pay the interest on our debts. Watch Raoul Pal „Everything Code“, he explains this fucking good. Need to watch several times
Merry Xmas 🤝 https://t.co/jalNIGVHlG— Michael Kraus (@Gungspund) December 24, 2023
Which assets perform best? Most do well, look at gold, but crypto outperforms every other asset by far.
- Bitcoin surged up to 146 times in past Macro Summers
- Ethereum up to 1,770 times in respective cycles
- Even altcoins (excluding ETH) saw their market cap balloon by 24 times
One more chart before we get into Ethereum’s price prediction for 2024.
Raoul says Macro Summer trails the Financial Conditions Index by about ten months, coinciding with the ISM manufacturing index (an indicator of US economic activity), signifying GDP growth.
“And that is driven by liquidity, which bottomed at the end of 2022… macro summer and fall are all about liquidity rising and is a core part of The Everything Code thesis,” Pal says.
Crypto Trading Legend Arthur Hayes Weighs-in On Macro Summer
Arthur Hayes, co-founder of BitMEX and the youngest Black billionaire, is betting big on Ethereum.
Hayes figures if Bitcoin ETFs are doing so well, Ethereum ETFs could be next in line for SEC approval in May.
Bitcoin ETFs are smashing records left and right, even outshining the big dogs like SPY and QQQ ETFs. And some don’t even charge fees. That’s music to Ethereum’s ears.
Are the $BTC ETF hodlers diamond or paper hands? We gonna find out shortly. pic.twitter.com/R1Rhr3BSRb
— Arthur Hayes (@CryptoHayes) March 19, 2024
But here’s the kicker: banks could hold the key to ETF approval beyond Bitcoin – Hayes reckons their hunger for fees practically guarantees approval across the board.
The Bottom Line – Will Bitcoin Go Up After Halving?
So, how do you win the game? Bitcoin, crypto, or tech stocks.
As money is further debased and we digitize more, hard tech assets backed by code will be the best-performing money makers of the decade. Don’t miss your chance—and Happy Bitcoin Halving!
RELATED: 99Bitcoins Presale Hits $600k, Signaling Massive Interest in Learn-To-Earn ($1M Next?)
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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