Raoul Pal predicts the rise of Bitcoin in the next 12 months due to the weakening US dollar. Learn about the correlation between global liquidity and Bitcoin.
Raoul Pal, a prominent analyst and former Goldman Sachs executive, believes that Bitcoin will increase in the coming months due to the weakening of the US dollar. He stated on Twitter that policymakers will systematically weaken the dollar to manage debts. Pal thinks this will lead to a rise in global liquidity and the value of high-risk assets like Bitcoin. Referring to an 87% correlation between global liquidity and Bitcoin, he pointed out its significant growth in 2020. Pal shared a chart showing that Bitcoin typically follows the increase and decrease in global liquidity with a 12-week delay.
