Renowned investor Raoul Pal predicts that Bitcoin’s next market peak could occur around mid-2026, marking a significant shift from the traditional four-year cycle. His prediction stems from the extended maturity of global debt, influencing the crypto market’s performance. 7Pal attributes this change to a lengthening business cycle caused by governments extending average debt maturities beyond the typical four years. As a result, Bitcoin’s anticipated peak now aligns with a longer five-and-a-half year cycle, mirroring the extended economic cycle. This shift is further fueled by reduced liquidity growth in the crypto market due to rising interest rates, causing delays in asset price recovery and impacting investor sentiment. 1 Pal asserts that this prolonged cycle reflects a change in global debt dynamics, impacting Bitcoin’s traditional market rhythm. While central banks continue expanding liquidity at a rate of 8% annually to manage debt and combat inflation, assets offering less than 11% returns are vulnerable to decline. As crypto asset performance remains strong amidst ongoing monetary expansion, Pal believes Bitcoin and Ethereum may sustain growth throughout the period leading up to mid-year. The elongated debt cycle and evolving macroeconomic landscape indicate a potential new phase for digital assets.