真正的Vision創始人Raoul Pal預測比特幣（BTC）牛市可能會延伸到2026年

著名的宏觀分析師和真實視野創始人拉烏爾·帕爾（Raoul Pal）發布了一個預測，即正在進行的比特幣牛市可能會延伸到2026年

Renowned macro analyst and Real Vision founder Raoul Pal has issued a forecast that the ongoing Bitcoin bull market may stretch into 2026—well beyond most conventional expectations of a peak in 2025. In a recent presentation, Pal walked through a range of macroeconomic indicators, historical price behaviors, and liquidity metrics that he says paint a compelling picture for an extended uptrend in digital assets.

著名的宏觀分析師和真實視野創始人拉爾·帕爾（Raoul Pal）發布了一個預測，即正在進行的比特幣牛市可能會延伸到2026年，這超出了2025年對高峰的大多數傳統期望。在最近的一份演講中，PAL在一系列宏觀經濟指標，一系列宏觀經濟的指標，歷史上的價格和流動性指標上說，他說，他說，他說，他對繪畫了一幅穩定的圖片，並在數字上繪製了一個數字化的繪畫。

The essence of Pal’s thesis lies in Global M2 money supply, which tracks the total liquidity in circulation worldwide. As observed by Pal, Bitcoin, along with other risk-on assets, tends to correlate closely with changes in Global M2. “If this is the case, then M2 is going to keep going up all f***ing year. If that is the case, then crypto and risk assets like tech will do well all year.”

PAL論文的本質在於全球M2貨幣供應，該貨幣供應跟踪了全球流通的總流動性。正如PAL所觀察到的那樣，比特幣以及其他風險基金資產傾向於與全球M2的變化密切相關。 “如果是這種情況，那麼M2將不斷上升一年。如果是這樣，那麼加密和像Tech這樣的風險資產一年四季都會做得很好。”

Comparing current liquidity trends to those seen in 2017—when the dollar weakened considerably and equity markets soared in US President Donald Trump’s first term—Pal argues that the macro backdrop appears similarly poised for expansion. According to him, if major economies continue easing, it may drive the next phase of explosive crypto growth.

將當前的流動性趨勢與2017年的流動性趨勢進行比較（當美元大幅削弱，股票市場在美國總統唐納德·特朗普的第一個任期中飆升時，PAL都認為宏觀背景似乎也有望擴大。據他說，如果主要經濟體繼續放鬆，它可能會推動下一階段的爆炸加密增長。