Crypto Bull Run: Raoul Pal REVEALS Profit-Taking Strategy for 2024

In a recent video analysis by Savvy Finance, Real Vision founder and CEO Raoul Pal shared his insights on profit-taking during the current cryptocurrency bull market. Pal forecasts record-breaking highs during the 2024-2025 bull market, predicting the market’s value to skyrocket from $2 trillion to over $100 trillion in the next six years—a staggering 50x increase.

Read on to know more.

Anticipating Higher Prices by Year-End

Pal mentions that he plans to take some profits towards the end of the year, anticipating that prices will be higher by then. By doing so, he ensures that he secures some gains without being overly dependent on market fluctuations. This strategy is particularly useful for addressing personal financial needs while still participating in the market’s long-term growth. 

Pal highlights that the approval of spot Bitcoin and Ethereum ETFs has already de-risked the market, paving the way for unprecedented growth. He forecasts that Bitcoin’s value could rise to over $200,000 per coin soon and potentially reach $1 million by the end of the bull market.

Pal’s Crypto Selling Strategy

In the current market scenario, Pal advises investors to consider selling crypto during the peaks of the 2024-2025 bull market to safeguard profits. He emphasizes the importance of established positions and institutional adoption for Bitcoin and Ethereum. However, he cautions that emerging cryptocurrencies like Solana require careful evaluation due to their volatility. Diversifying portfolios and staying aware of market trends are crucial for successful exits.

Though it’s too early to predict the next crypto bull run, one thing is certain: BTC, ETH, and SOL will be the top contenders according to market indicators. The approval of Bitcoin ETFs has injected tens of billions of dollars into the market, and the SEC is expected to approve several spot Ethereum ETFs by September, which experts believe will also be highly successful.

Long-Term Investment Strategy

Pal believes the best approach to investing in the cryptocurrency industry is to have a long-term time horizon and ride the wave during both rallies and drawdowns. For those without urgent financial needs, a long-term buy-and-hold strategy is optimal, recommending holding investments until at least 2030.

Meanwhile, Plan B suggests timing the market around Bitcoin halvings, buying six months before a halving, and selling 18 months after. Historically, this strategy would have yielded better returns than a simple buy-and-hold approach by avoiding severe downturns in bear markets while taking advantage of bull market gains.

The “Banana Zone” Prediction

Pal concluded his analysis by predicting a significant market surge in Q4 of the election year, terming it the “banana zone.” According to historical trends, Q4 witnesses increased activity in assets like Bitcoin, boosted by the election year’s stimulus.

With an election year on the horizon, are you preparing for a crypto surge in Q4?