Bitcoin Could Hit $450,000, Raoul Pal Says: ‘Don’t Screw This Up’
Posted On May 5, 2025
Bitcoin (CRYPTO: BTC) and crypto markets are entering the second leg of what macro expert Raoul Pal calls the “banana zone”, a steep, liquidity-driven bull phase.
What Happened: Speaking at the Sui Basecamp at the Token2049 conference in Dubai, Pal remained confident in the uptrend despite volatility, citing Bitcoin’s historical bull cycles, such as 2017, which included multiple 27–39% corrections along the way.
“Corrections are normal,” Pal said. “You’ve just gone through a normal one.”
Pal sees parallels between the current cycle and the 2017 Trump-era rally: initial macro fear centered around tariffs, dollar strength, and economic slowdown, followed by explosive upside.
He points to recent dollar weakness …
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