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Shiraz Jagati

Raoul Pal lifts 2026 Bitcoin supercycle odds, flags $450,000 BTC scenario

Macro investor Raoul Pal says the chances of a Bitcoin “supercycle” by the end of 2026 have increased, arguing that debt monetization and a record global capex boom could drive a multi-year bull market. He reiterates a $450,000 per BTC scenario tied to central banks adding liquidity, while noting his view is probabilistic rather than certain. Bitcoin was trading around $81,000 after falling from a 2025 high above $124,000.
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