Former Goldman Sachs executive Raoul Pal believes that the crypto bull market cycle has only just begun despite the large digital asset gains of 2023. Pal tells the 22,000 subscribers of his YouTube channel that the bull market cycle could last for years and cause Bitcoin (BTC) to potentially soar to a high of $1 million by 2025. “Here’s the chart, the long-term chart of Bitcoin since 2013. Some people use this chart longer term. I used to, but the early cycle was so kind of ridiculous that it screws up the chart. Other than that, it’s actually a perfect log (logarithmic) trend. And as you know, we think the business cycle peaks sometime in the end of 2025 and that would suggest a crazy sort of target that could get somewhere between half a million and a million dollars in Bitcoin. Do I expect that? Probably not, but who the hell knows right?”