Real Vision CEO Raoul Pal reveals his price targets for Bitcoin and Ethereum this year, while also naming an emerging crypto sector that he believes will do well in the coming months.
In one interview Silvester, Pal said that favorable macroeconomic conditions could propel Bitcoin and Ethereum above $100,000 and $10,000 respectively by year-end.
“I use a logarithmic channel. BTC rally if it picks up steam again especially if there is central bank quantitative easing which I think will happen later in the year or is there any indication I still think bitcoin likely this year can go up 300%, and ETH can do more.”
At the time of writing, Bitcoin is trading at $42,798 while Ethereum is changing hands at $3,264.
Both are Real Vision down about 2% in the past 24 hours.
BTC/USDT. Source: TradingView
The former Goldman Sachs CEO also predicts that 2022 will be the year of social tokens – crypto assets that monetize value provided by individuals, brands or communities.
“I’ve avoided that for a while because I’m working on it and can’t disclose it, but I think this is the year of social signs. People don’t really understand.
We see Bored Ape starting with the monkey marker. There are some of them, but they are still on a small scale.
Some huge communities will emerge and we will see the power of the token economy. It’s the big thing that people don’t realize because they haven’t seen it. That’s my big prediction for this year.”
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