Raoul Pal Shares His Huge Targets For Ethereum (ETH) And Bitcoin (BTC)
Raoul Pal, a prominent macro market analyst and investor shares his massive Bitcoin and Ethereum price predictions for the end of the current crypto bull cycle.
Pal shared his views with Anthony Pompliano, on how there are new waves of large capital soon moving into the crypto market as it becomes more mature.
“So who’s the next big buyer of Bitcoin? It’s pretty clear to me who they are. It is the ongoing institutions, and that just keeps going and I think we’ll see an acceleration of that particularly if price breaks out because everybody’s like sheep, they always want to follow each other.”
He also highlighted that the availability of Bitcoin ETFs will make the crypto market much more accessible to wider scale of ordinary investors, which he expects to push massive amount of capital into crypto market. The macro guru also expects more capital flowing into Bitcoin from sovereign wealth funds.
Regarding how high the prices of top crypto assets Bitcoin and Ethereum will rise, Pal revealed his massively bullish targets for, both at the end 2021, and at the end of the current bull market cycle.
“I think Bitcoin, somewhere north of $200,000, and ETH closer to $15,000, but I think we finish the cycle with Bitcoin close to $400,000 and ETH closer to $40,000.”
At the time of writing Bitcoin trades at $62,800 and Ethereum $3,800.
The analyst also said that as crypto mainstream adoption grows, the markets will become less volatile and less prone to obvious and pronounced bull and bear markets.
“What’s going to happen in the bear market? When does that come? Does it come in the same structure? I do think it probably decouples to a certain extent because I think the adoption is going to be really quite big so that lowers [the volatility]. As the network gets more adopted the volatility lowers, so I think we’re going to see that this time around, and it will decouple.”
