Real Vision chief executive and macro guru Raoul Pal is predicting big run-ups this cycle from top Ethereum (ETH) competitors.
The former Goldman Sachs executive says in a new interview with InvestAnswers that although 82% of his portfolio is in Ethereum, he thinks the smart contract platforms Solana (SOL) and Terra (LUNA) will outperform ETH this cycle.
“So why don’t I have all my money in those? Because I have less certainty because the network effects are less pronounced. So, therefore, I have to have a smaller bet.
But I don’t think ETH stops going up. The whole space is going up 100x over the next 10 years, so you can back a lot of different horses and still make money.”
Pal predicts the crypto markets will see a big price surge moving into the end of the year, and after he thinks traders will get rattled.
“We’ll probably start to see a sell-off in early January or late December because people are expecting something, and I think it will be wholeheartedly wrong because I see nothing but a wall of money coming in January/February/March.”
ETH is trading at $4,745.02 at time of writing, up more than 6% on the day.
Pal predicts that ETH more than doubles in value in the coming weeks and finishes 2021 closer to $15,000 than $10,000. He also says the second-largest crypto asset by market cap could potentially skyrocket all the way to $40,000 by the summer, and he notes that his “base case” is ETH hitting $20,000 by March at the latest.
IDon'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/Mia Stendal/HFA_Illustrations/Sensvector