Raoul Pal, ex-governor of Goldman Sachs, evaluated crypto assets in a recent interview.
Pal, who closely monitors the Ethereum price, expressed that he believes ETH will end this year with a value of 15,000 or close to 10,000 dollars.
Pal also stated that it is possible for Ethereum to reach $ 40,000 by summer, although it is unlikely, but he said that his main belief is that the 2nd most valuable cryptocurrency will see $ 20,000 by March at the latest.
On the other hand, stating that he does not have any concerns about Ethereum having more than one good competitor, Pal said that he believes that the current dominance of Bitcoin, Ethereum and even Solana will come to an end over time, and said, “I am not an ETH person. I am just a crypto maximalist.” he said.
Why Invest So Much In ETH If Ethereum’s Dominance Will Fall?
The following question asked at the end of the interview was very meaningful: “If the dominance of Ethereum will fall, then why did you invest so much in ETH?”
Pal’s answer to this question was as follows:
I think Solana will outperform ETH in the loop but I also think Terra will outperform ETH as well. Why don’t I invest all my money in these? Because there is no complete clarity, the network effects are not very clear. That’s why I’m after smaller bets… In the next 10 years, the whole field will increase 100 times. So you can support many different coins and earn money. However, if I had to hold any crypto assets for a long time (eg 7 years), I would choose Ethereum.