Macro investment expert Raoul Pal continues to maintain his optimistic view of the cryptocurrency market. Pal; Bitcointakes an optimistic approach towards Ethereum and Solana.
The famous name of the crypto world predicts that record levels will be reached in the 2024-2025 bull market and states that the value of the market will increase 50 times, from 2 trillion dollars to over 100 trillion dollars in the next six years. In his recent Squiggle interview, he explained how crypto will surpass the fastest accumulation of wealth in history.
Based on the data, it reveals that crypto adoption is outpacing even the growth rate of the internet and this is inevitable. He states that with the approval of Bitcoin and Ethereum spot ETFs, the market is de-risked and the groundwork is set for unprecedented growth.
Pal predicts that Bitcoin, in particular, will continue to grow. Using a logarithmic chart, he suggests that Bitcoin could soon rise above $200,000 and potentially reach $1 million by the end of the bull market. He also predicts that Ethereum and Solana will rise significantly as well.
Pal’s Ethereum Views
Compared to Bitcoin, Pal, EthereumIt particularly emphasizes the potential of ‘s value beyond being a store of value. While he acknowledges BTC’s dominance, he also believes ETH’s role in facilitating smart contracts and decentralized finance (DeFi) applications is critical.
He thinks Ethereum’s growth curve will not be as expensive as Bitcoin, but it will remain critical in the industry. Pal’s target per ETH is $10,000.
Secondly, he foresees a significant expansion in the broader crypto market, estimating that the current $2.5 trillion valuation could go as high as $10 trillion or even $100 trillion. This will enable the fastest and largest accumulations of wealth in history, leaving traditional asset classes behind.
Pal’s Investment Strategy
In the current market scenario, he recommends selling crypto in 2024-2025 and recommends monitoring market indicators to maintain profits at the peaks. While he states that established positions and institutional adoption are key for Bitcoin and Ethereum, he emphasizes that newly released cryptos such as Solana should be evaluated carefully due to volatility. Diversifying portfolios and being aware of market trends is critical to successful exits.
Although it is too early to predict the future crypto bull run, BTC, ETH, and SOL will be the strongest candidates according to market indicators.
