Raoul Pal, former Goldman Sachs executive and co-founder of Real Vision, projected that the current bull market will reach its peak in 2026. Speaking at the Solana Breakpoint conference on December 11, Pal attributed this cycle to a 5.4-year debt trend rather than Bitcoin halvings. He emphasized that altcoins to watch are those influenced by the business cycle, which is currently at a low point. Pal highlighted that increasing debt levels, driven by declining labor participation and demographic shifts, are compelling central banks to inject more liquidity into the economy. He also pointed out that the fear and greed index remains a crucial indicator for monitoring changes in market sentiment.