Raoul Pal Predicts Second Phase of the ‘Banana Zone,’ Sees Crypto Bull Run Extending to 2026

Macro guru and Real Vision chief executive Raoul Pal says it is within the realm of possibility for crypto to witness an extended bull run this cycle.

In a new video update, the ex-Goldman Sachs executive tells his 211,000 YouTube subscribers that the second phase of the “Banana Zone” – a term coined by him to refer to a period of rapid and explosive growth for the price of digital assets – will expand into 2026.

“But [by] the back end of March, we should start to see price accelerate and then [in] April, May [and] June we should see some really significant price action as the second phase of the banana zone kicks in…

So we had the start of the banana zone, we are now in [a] correction phase one – that happens each and every time.

Look at 2017, it’s almost identical. Then as we go into March, April [and] May, we start accelerating up again into the next phase of the banana zone and then we’ll have another correction and you’ll be going, ‘Oh my God, it’s all over…’

You’ll be gripped with fear all over again. Then, we’ll have the final top into the end of the cycle.”

According to Pal, the business cycle – fluctuations found in the total economic activity of a country marked by recurring upswings and downswings – may extend into next year, taking crypto with it.

“My view is that the business cycle is taking a long time below 50. It’s starting to expand now [and] that has probably extended the cycle into 2026.

Not a guarantee, not yet a prediction, but is what is in my head because of the structure of the business cycle. So we can probably keep going longer and that will still give us much higher prices to come.”

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