Real Vision CEO and macro investor Raoul Pal is predicting that Bitcoin could more than triple in value from the current price, while Ethereum could nearly quadruple.
Pal tells his 695,100 Twitters followers that there’s more than a 70% probability of Bitcoin hitting $200,000 and Ethereum reaching $20,000.
“This is not a certainty. It is a probabilistic outcome. For me, $20,000 ETH and $200k BTC is a shoo in (70% + chance).
What outperforms and how this plays out is anyone’s guess…”
Pal says that currently, Bitcoin is replicating the price behavior it displayed in 2013.
“BTC continues to follow 2013 very well.”
The Real Vision founder also says that there’s a “decent chance” that the current Bitcoin bull cycle could play out for a longer period than previous ones.
“I think there is a decent chance (not a certainty) that this BTC cycle extends longer in time and higher in price…”
The macro guru adds that Ethereum could potentially even reach $40,000 by the end of the first or second quarter of 2022 if it follows the price behavior Bitcoin exhibited during the 2017 bull run.
“And ETH…bigger move…$40,000 by March/June would only be one standard deviation overbought versus trend.”
When asked whether Ethereum could drop by 90%, similar to what happened in 2018 after the bull run, Pal answers in the negative.
“No. It will go down much less, IMHO (in my humble opinion)”.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
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/intueri