Cryptocurrency

Former Goldman Sachs executive Raoul Pal Expects Ethereum (ETH) to hit $20,000 Latest March

Raoul Pal, former Goldman Sachs executive, has reiterated his bullish prediction for Ethereum (ETH), the second-largest cryptocurrency by market capitalization.

According to Raoul Pal in an interview on 30th November with the host of the InvestAnswers YouTube channel, Ethereum (ETH) has the potential to hit $20,000 by March at the latest.

Read Also: Analyst Nicholas Merten: Ethereum Upgrades Could Take ETH to Hit $20,000 in this Bull Cycle

Raoul Pal noted:

I’m using base case probabilities. No certainties. I still think ETH finishes this year closer to $15,000 than to $10,000… Just by the nature of what is actually going on right now and the chart patterns and, you know, the people who are coming into the space.

“I actually still see ETH… the small probability upside is that it hits $40,000 by the summer. That’s because [of] the staking cycle and how the charts look. And using the log chart, extending it forwards, and a number of things give me that. It’s not my base case; my base case would be $20,000 ETH by March at the latest.

Read Also: Ethereum Users To Soon Be Able To Make Private Transactions As Tornado Cash Set To Launch On Arbitrum Layer Two Network

Speaking about the potential of Ethereum competitors in the crypto space and why he’s heavily invested in ETH, he said:

I don’t care. Of course, they were ETH’s dominance like Bitcoin’s dominance will fall over time because new technology comes into the space and they solve different problems and they have different orders of centralisation … and that’s absolutely fine. So the Bitcoin dominance is going to diminish over time. ETH dominance will diminish over time.

“SOL’s dominance versus others will diminish over time because this space is changing in structure. So I don’t have an issue with that. I’m not an ETH person. I’m just like this is the best horse to back, best risk adjusted return. I’m a crypto maximalist…

Read Also: Over 1 Million ETH Worth $4 Billion have Now Been Burned on the Ethereum Blockchain

I think that Solana will outperform ETH in the cycle and I think that Terra will outperform ETH. 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 100Xover the next 10 years. So you can back a lot of different horses and still make money.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

Recent Posts

Four Lawmakers Expose Gary Gensler’s SEC Hypocrisy About Ethereum (ETH)

Fox Business journalist Eleanor Terrett reported on November 15, 2024, that a group of Republican…

1 hour ago

Bitcoin to $200000, Ethereum to $10000, Says Standard Chartered: How This Could Trigger 100x Move For a Rival Token

Standard Chartered has made an interesting prediction in line with the most recent wave of…

1 hour ago

Experts Unveil the Cryptos Poised to Make $500 Grow Into $50K in the Next Bullish Market Phase!

With the crypto market poised for its next significant upswing, experts are highlighting digital assets…

2 hours ago

Whales Are Rotating Into FXGuys ($FXG) As They Take Massive Profits From SUI And Cronos Holdings

Sui (SUI) registered a 79% price pump, while Cronos (CRO) saw a staggering 233% rise…

3 hours ago

18 U.S. States Sue SEC For Overreach and Unfair Persecution of XRP and Cryptocurrencies

In a landmark legal action, 18 U.S. states have filed a lawsuit against the U.S.…

3 hours ago

Following in the Footsteps of Shiba Inu and Polygon, This Sub-$0.0005 Token Shows Massive Potential for Growth and Investor Attention!

An emerging cryptocurrency priced under half a cent is capturing investor attention with its promise…

3 hours ago