Real Vision CEO Raoul Pal announced price targets for Bitcoin (BTC) and Ethereum (ETH) this year, while also describing a new crypto industry that he believes will do well in the coming months.
In a new Real Vision Finance interview, Pal stated that he believes favorable macroeconomic conditions towards the end of the year could push Bitcoin and Ethereum above $100,000 and $10,000 respectively.
“I continue to use the logarithmic channel. Bitcoin (BTC) I think Bitcoin could probably do 300% or even more if we gain momentum again, especially if some central bank easing or at least is addressed at the end. Ethereum (ETH) And it has the capacity to do so much more.”
Currently, Bitcoin is trading at $43,898 while Ethereum is trading at $3,283.
Former Goldman Sachs executive also social tokenHe predicts it will be the year of the ‘s. social tokens; defined as crypto assets that monetize the value provided by personalities, brands or communities.
“I’ve been avoiding it for a while because there are things I’m working on that I can’t really talk about, but I think this year is the year of social tokens. People don’t really understand yet.
People who really understand. We see that Bored Ape starts with the monkey token. There are some of these, but they are still small scale.
We will see some huge communities tokenize and we will see the strength of the token economy. That’s the biggest thing people don’t realize because they haven’t seen it yet. That’s my big prediction for this year.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.