Raoul Pal estimates: Ethereum will reach $ 20,000 by March of next year in fact, and nearly 15,000 by the end of the year

The cryptocurrency market recently entered a recession due to the weight of Bitcoin (BTC) and ETHereum (ETH), the second largest cryptocurrency by market value, fell below $ 4,000. continued to vibrate for days. The most recent index currently stands at US $ 4,172, up 0.49% in the past 24 hours.

Despite Ethereum's recent slowdown, the "Crypto Globe" report reveals that the former CEO of Goldman Sachs and Mr. Raoul Pal, creator of real-time financial news magazine Vision, joined the Youtube channel on November 30. Response Research estimates that Ethereum will hit $ 20,000 by March of next year, in fact.

Parr said on the show: I used the result in the source file and not the actual file. Still, I think Ethereum's closing price this year will be close to $ 15,000, not $ 10,000 ... It's just a prediction based on the actual situation, chart structure, and participant status. . As you can see, the real deal still expects Ethereum to hit $ 40,000 by the summer of next year, which is not a good thing. This estimate is based on the result of the contraction cycle and diagram, and the results of forward expansion using the list. Not my simple case, my main case is that Ethereum will hit $ 20,000 in March of next year because of this.

Talk about Ethereum's competitors

When asked if he was concerned that Ethereum would face too many good competitors today, Pal said he ignored it, but acknowledged that like Bitcoin, Ethereum would lose its important position over time. time. They solve different problems and have different mediums.

Pal says: Over time, Bitcoin regulation will gradually decrease. Ethereum's management can also weaken over time. As the structure of these operations changes over time, Solana's advantages over other public channels may also be weakened. So I have no objection to that. I am not an Ethereum user and like to bet on the best horses to get the best returns by reversing the risks. I am a cryptocurrency extremist.

When asked if he thought Ethereum's dominance over other L1 blockchains would wane, Pal asked why he still invests heavily in Ethereum: I think Solana would stay in this cycle. I think Terra will perform better than ETH as well. So why not invest all my money in these currencies? I am not sure because the network effect is not obvious. So I have to bet a small bet, but I don't think ETH should go up any more. The total cryptocurrency market will grow over 100 times over the next 10 years. So you can support many different horses and earn money at the same time.

Also, on the issue of holding a crypto asset for 7 years, what will you hold? At the time, Pal responded with Ethereum. When asked by how much the price of SOL could increase in the future, Pal felt that the difference of SOL is similar to Ethereum in 2017, which means that the price of SOL will increase by the same amount. Points for $ 2,000 in this circle.

Cryptocurrency Market Outlook

According to previous data, Pal has always had high hopes for the cryptocurrency market. He predicted in October that the cryptocurrency market would grow faster than in the internet age, the value of the cryptocurrency market was 100 times greater than any other asset for growth. , the time of great riches will come as soon as possible.

Following the trend of the cryptocurrency market, Parr predicts that the current wave of the cryptocurrency bull market on November 2 will continue from March to June 2022. Sales: two The big controversy could lead to a resurgence of Ethereum and AND F.

Pal thinks the market value of the $ 200 trillion cryptocurrency is very reasonable. The reason is that there are many benefits which have already been divided 100 times. Anyone can make a lot of money if they have the time, the energy and the risk.