Real Vision CEO and renowned economist Raoul Pal suggests that Bitcoin (BTC) could gain more than three times its current price. In addition, Raoul Pal predicts that the leading altcoin Ethereum could almost quadruple. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Raoul Pal: Bitcoin and this altcoin can skyrocket and see these levels!
Raoul Pal, He tells his 695,100 Twitter followers that the probability of Bitcoin reaching $200,000 and Ethereum reaching $20,000 is more than 70%. Raoul Pal adds the following to his explanations on the subject:
This is not a certainty. It is a probabilistic outcome. For me, $20,000 in ETH and $200,000 in BTC is an opportunity (70% + luck). No one can predict what performs better and how it will turn out…
Raoul Pal says it currently copies the price behavior that Bitcoin showed in 2013. Raoul Pal adds the following to his explanations on the subject:
BTC continues to follow 2013 very well.
Raoul Pal: Ethereum can reach $40,000!
The Real Vision founder also says there is a “good chance” that the current Bitcoin bull cycle could continue for longer than before. Raoul Pal adds the following to his explanations on the subject:
I think there is a good chance (not certain) for this BTC cycle to be longer and higher in price over time…
The macro investor adds that if he follows the price behavior exhibited by Bitcoin during the 2017 bull run, Ethereum could potentially reach $40,000 by the end of the first or second quarter of 2022. Raoul Pal adds the following to his explanations on the subject:
And ETH… bigger move… $40,000 by March/June would be just one standard deviation overbought against the trend.
Raoul Pal answers: Can Ethereum drop 90%?
When asked if Ethereum could drop 90% after the bull run, similar to what happened in 2018, Raoul Pal answers in the negative. Raoul Pal adds the following to his explanations on the subject:
Number. It will drop a lot less, IMHO (in my opinion).
Bitcoin is trading at $60,990 at the time of writing, while Ethereum is changing hands at $4,117, according to CoinGecko.
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