Investor Raoul Pal Bullish on Crypto Outperforming Stocks In Coming Year Due to Market Indicators and Bitcoin Halving Speculation
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Prominent investor Raoul Pal predicts crypto will outperform tech stocks in the next 12 months due to favorable financial conditions.
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Pal points to a key market indicator rising sharply, suggesting strength for the S&P 500 over more cyclical assets.
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Researcher Vetle Lunde notes very bullish Bitcoin futures trading activity on CME, with large open interest and premiums.
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There is much speculation over the crypto market's performance leading up to Bitcoin's halving event in April 2024.
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One analyst model recommends buying Bitcoin 6 months before the halving and selling 18 months after to capture significant gains.