Falling US dollar is signaling a strong quarter for crypto: Raoul Pal
Crypto analyst Raoul Pal says the declining value of the US dollar will be a positive signal for crypto in Q2 2025 and “hopefully” the second half of the year, too.
Real Vision CEO Raoul Pal says the weakening United States dollar could lead to a crypto market boost in the second quarter of the year, with Bitcoin jumping nearly 4% over the past 24 hours as the greenback continues to slide.
“With the dollar, rates and oil headed lower (all specific aims of Bessent), financial conditions are now easing fast and lead risk assets by a couple of months,” Pal said in a March 5 X post.
It comes only a day after US Treasury Secretary Scott Bessent expressed his vision to reduce US interest rates.
