Bitcoin (BTC) Dominance May Not Have Peaked, Crypto Cycle Could Run Until 2025 or 2026: Raoul Pal

Bitcoin and altcoins like Ethereum have been drifting into the red zone, off and on. As the market enters the next stage of the current crypto cycle, analysts

Bitcoin (BTC) and altcoins like Ethereum (ETH) have been seeing mixed signals, with some days showing gains and others showing losses. As the market enters the next stage of the current crypto cycle, analysts are keeping an eye on key indicators to understand what comes next.

Here’s a closer look at some of the latest analysis and what it could mean for the market in 2023.

While certain altcoins, like Solana (SOL) and XRP, have recorded gains so far this year, it’s not considered “altcoin season” until Bitcoin dominance reverses.

However, the upcoming months and quarters could be crucial in determining whether the upward trend will continue or if there will be a slowdown. Some experts argue that Bitcoin dominance has not yet peaked and still has room to grow.

How Long Will This Crypto Cycle Run?

Raoul Pal, CEO of Real Vision, recently shared his outlook for the next crypto cycle. While he noted that it’s tough to pinpoint precisely, the cycle could last until the end of 2025 or even into 2026.

However, he adds that the current environment differs from previous cycles, with structural factors like the Federal Reserve’s efforts to reduce inflation and the ongoing credit cycle taking center stage.

According to Pal’s analysis, the peak of the cycle might be later than expected, especially when you factor in global economic dynamics, including massive investments in the U.S. from countries like Saudi Arabia.

Despite concerns from the 2021 crash, which saw a peak in early 2022 followed by a bear market, the market could see a late-stage rally, similar to what happened in 2017.

Meme Coins: A Key Part Of 2025 Investment Plans

Joe McCann, founder of the crypto investment firm Asymmetric, recently revealed that meme coins, such as Dogecoin (DOGE), played a key role in investment strategies in 2024.

Dogecoin outperformed Bitcoin, Ethereum, and Solana in 2024, thanks in part to its connection to Elon Musk and his plans to integrate it into services like X and Starlink.

For 2025, meme coins like Dogecoin, Bonk, and Pepe are considered important for asset allocation. Their liquidity and appeal make them an important part of investment strategies.

A Dogecoin ETF could attract billions in capital, with estimates of up to $30 billion. The rise of ETFs, particularly for Solana and Dogecoin, is expected to continue as asset issuers take advantage of the popularity of these digital assets.