🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Crucial Crypto Market Prediction Issued by Raoul Pal

Published 2023-12-12, 12:14 p/m
© Reuters.  Crucial Crypto Market Prediction Issued by Raoul Pal
BTC/USD
-
ETH/USD
-
SOL/USD
-

U.Today - Legendary investor and has waded into the incessant predictions going on in the digital currency ecosystem, labeling most long-term projections as unlikely to see the light of day. Taking to his official X account, Raoul Pal he believes that there is a greater than "20% chance that this cycle in Crypto and Exponential Age tech is an Everything, Everywhere, All at Once adoption cycle."

He assumes that the crypto market will see massive institutional inflows by the end of 2030 should a Bitcoin spot ETF be approved next year. While Raoul Pal is a major predictor of trends as concerns the market, he is optimistic that all forecasting beyond the year 2030 will "go out the window."

The digital currency ecosystem is evolving at a very fast pace, with intense volatility across the board. Riding on this, Raoul Pal said with this constant evolution, "it becomes near impossible to forecast economies, society, and markets beyond 2030."

He posits that should the current estimation of growth be achieved as projected, we might "hit the exponential on everything and everything changes forever in ways we can't yet grasp."

Raoul Pal’s previous market takes

Raoul Pal is a known figure in the digital currency and broader financial market landscape whose opinion is highly valued. Unlike most popular market experts, he is not a Bitcoin Marxist, and he recently into the Ethereum (ETH) versus Solana (SOL) debate, declaring the former as the Android of the Web3 world and the latter as the iOS.

Raoul Pal also maintains an optimistic view of Solana in particular, noting that he has been extremely bullish on the coin all year. One of the most ambitious projections from Raoul Pal is that Ethereum might eventually Bitcoin (BTC) in the long term.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.