Macro investor and Real Vision CEO Raoul Pal is unveiling his huge Bitcoin and Ethereum price predictions for the end of the crypto bull cycle.
In an interview with Anthony Pompliano, the former Goldman Sachs executive suggests that new waves of big capital will soon move into the crypto space as the markets 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.”
Pal adds that the availability of Bitcoin ETFs will make the crypto market more accessible to more ordinary investors, driving a “huge” amount of capital into the space. He also predicts more sovereign wealth funds allocating capital to BTC.
The macro guru unveils where he thinks Bitcoin and Ethereum will be, both at the end of the year 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.”
Pal’s targets for BTC and ETH imply a 400% and 966% gain, respectively, from current values of the two largest crypto assets.
Pal also says that as crypto becomes more adopted, 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.”
I
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Dotted Yeti/Photobank gallery