Bitcoin Enters the "Banana Zone" — Could This Be the Biggest Growth Opportunity in History?

During the two-hour webcast titled "Drinks With Raoul" on May 22, as Bitcoin surged to a new high of $111,800, Raoul Pal — former hedge fund strategist and co-founder of Real Vision — stated: "The Banana Zone has begun. Bitcoin has reached a new peak. The next theme will be alternative assets. Make sure you are holding enough Bitcoin." What is the "Banana Zone"? According to Pal, "Banana Zone" ( is the phase where abundant liquidity pushes investors higher on the risk curve. He emphasized that the bond market policy is creating this liquidity — not inflation. He explained that the yield on 10-year U.S. bonds exceeding 4.4% is not due to rising inflation, but rather a lack of )collateral(. While inflation continues to decrease, the liquidity of the bond market remains weak. And when interest rates become too high, the government always chooses to print more money to save the market. "This eliminates the significant negative risk )left-tail risk( and drives the prices of limited assets to soar — exactly like in 2017. Bitcoin, gold, and stocks have 'gone to the moon.'" The Power From the Weak Dollar Pal also took time to compare the USD charts: "During Trump's first term, the dollar weakened significantly. And currently, a similar situation is happening — but faster. A weak dollar is a catalyst for the global market. Historically, after significant declines of the USD, Bitcoin has increased by 119%, 175%, and even 592% within just 12 months. That is the )denominator effect(." Is Altseason Coming Soon? When Bitcoin is in a "rest" phase after a strong rally, Raoul Pal believes that Ethereum and high beta Layer-1s like Solana and Sui will be the next names to benefit. He cites data from the ISM manufacturing index ) currently below 50 points( and the financial conditions index he tracks is "surging" and usually leads ISM by about 9 months: "Altseason ), the season of altcoin (, will begin when ISM exceeds 50. Bitcoin is gradually losing its dominance as the ETH/BTC ratio is forming a bottom." He also pointed out that the technical charts of Solana and Sui are forming a classic cup-and-handle pattern, and joked about Dogecoin: "The funniest scenario would be if Dogecoin surpassed Bitcoin since its inception and became the hardest currency in the world. That would make many people angry, but the chart shows that it could happen." Next Target: $140,000? Despite being optimistic, Pal also warns that the market needs to closely observe the global liquidity model )global-M2( he has constructed: "This model shows that we should exceed $140,000 before July." Conclusion Raoul Pal believes that Bitcoin is entering a historically significant bull phase. But more importantly, he advises investors to keep an eye on alternative assets, especially as the wave of liquidity is flooding in. With macro analysis, cycle data, and consensus techniques, the "Banana Zone" may just be beginning — and if so, this growth train could be very long.