Raoul Pal: “Why The Real Bull Run Hasn’t Even Started Yet” [New 2026 Bitcoin & Crypto Prediction]

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Crypto just got nuked.

Billions wiped out, altcoins down 50, 60, even 90% in some cases, and sentiment flipped from euphoria to fear overnight.

But Raoul Pal is still extremely bullish on Bitcoin into 2026, and his core argument is simple: if global liquidity explains most of Bitcoin’s long term movement, then a true 2026 bear market would require a liquidity collapse. He says there is no evidence of that. In fact, he sees the opposite, with midterm incentives, debt rollover pressure, lower rate expectations, and policy moves that point toward easier conditions.

So why the crash? Pal frames it as a timing problem, not a broken thesis. Politics and headlines do not inject capital overnight. The plumbing has to turn on. Institutions wait for clear rules, banks wait for the green light, and liquidity has to actually flow.

In this video, I break down Pal’s full 2026 roadmap, what signals to watch in real time, and why this drawdown may end up looking like a reset before acceleration.

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And if you want the daily version of this, the key indicators, the narrative shifts, and the actionable signals without staring at charts all day, check out Crypto Nutshell, my free 5 minute daily newsletter. First link in the description.

#Bitcoin #Crypto #RaoulPal

Raoul Pal: “Why The Real Bull Run Hasn’t Even Started Yet” [New 2026 Bitcoin & Crypto Prediction]