\u201cI am obviously very bullish\u2026 I\u2019ve got three outcomes in my head that I\u2019m juggling with. The 60% probability is we have kind of a very traditional cycle and that pushes Bitcoin up to the $100,000 to $200,000 range and all the other assets accordingly where they are on the risk curve.\u201d<\/em><\/p>\nPal goes on to say the second scenario \u2013 which he believes has a 20% chance of unfolding \u2013 would see a massive influx of money into the digital assets industry, triggering a bigger-than-expected bull run.<\/p>\n
\u201cThere\u2019s a 20% chance this early start is signifying something much bigger, which is larger adoption and more Capital into the space, which leads to larger price rises than people expect. <\/em><\/p>\nPeople are quite scarred because the last cycle seemed shorter than most people expected, everyone thought there was another final leg higher and that never really happened\u2026 But maybe this time the shock is for excess returns beyond expectations.\u201d<\/em><\/p>\nIn the third scenario, Pal says that the asset class could see a front-loaded cycle that is even shorter than the last.<\/p>\n
\u201cThe other side that I grapple with as well is [that] the whole cycle\u2019s front-loaded and in fact, it\u2019s shorter, but more violent in 2024. So those are the three scenarios that I\u2019m juggling in my head.\u201d<\/em><\/p>\nBitcoin is trading for $44,279 at time of writing, a 2.73% increase during the last 24 hours.<\/p>\n