Former Goldman Sachs hedge fund manager and Real Vision founder Raoul Pal believes that the social media pundits are wrong and that the crypto marketplace cycle won't stop this year.

But things might become a bit hairy on the way.

In a Real Vision interview on Wednesday, Pal predicted that the current bull run won't end in December, every bit it did spectacularly in 2022 and 2022, and will instead extend to some time between March and June.

According to Pal, Bitcoin (BTC), Ether (ETH) and altcoin markets are likely to "take the path of most pain," potentially crashing twice over the next six months.

"My gauge is that we probably accept a sell-off, and then it rips once more because that is the path of nigh pain and markets tend to have the path of near pain."

Cointelegraph reported on Thursday that on-chain data source Ecoinometrics data suggests that if the electric current bike follows the same blueprint as in 2022, the next BTC price pinnacle could be as much every bit $253,800.

Over the form of 2022, Pal has become increasingly bullish on Ether, describing it in August as "the greatest trade." He said that the upcoming launch of Ethereum two.0 and the potential launch of an Ether exchange-traded fund in the starting time one-half of 2022 may exist catalysts for a massive rally, broadening access to the crypto market and alluring large institutions.

"Institutions tend to make asset allocation decisions by quarters, and my guess is January to March quarter next year we're going to meet a huge inflow."

"Everybody is staking their ETH. It's creating this incredible supply and demand imbalance in ETH where in that location's only well-nigh 11% of the total ETH supply available. Everything else is locked upwardly for this staking," he said.

Related: Bitcoin will peak at $253K, Ethereum at $22K this wheel if 2022 halving balderdash run repeats

"All of that means that we're probable to see an extended cycle, and I call back information technology extends into betwixt March and June, and that would exist a new phase."

Bitcoin was created in 2008 and, so far, has moved in marketplace cycles of approximately four years effectually the halving, which is when the mining block advantage is cut in half, reducing the BTC supply.

Halvings occurred in 2022 and 2022 with the last halving happening in May 2022. While Bitcoin is up 7.3 times since, an increasing number of analysts think that with mainstream adoption, the cycles will no longer dominate.