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Macro investor and Real Vision CEO Raoul Pal is unveiling his huge Bitcoin (BTC) and Ethereum (ETH) price predictions for the end of the crypto bull cycle.
The macro guru unveils where he thinks Bitcoin and Ethereum will be, both at the end of the year and at the end of the current bull market cycle.
“I think Bitcoin, somewhere north of $200,000, and ETH closer to $15,000, but I think we finish the cycle with Bitcoin close to $400,000 and ETH closer to $40,000.”
Pal’s targets for BTC and ETH imply a 400% and 966% gain, respectively, from current values of the two largest crypto assets.
In other trending Bitcoin News today: Bitcoin RSI strength suggests BTC price is still far from its cycle top!
Bitcoin has barely started its run to new all-time highs if its relative strength index (RSI) repeats historical behavior.
TechDev previously forecasted a potential top for this cycle lying between $200,000 and $300,000 — again based on mathematical phenomena, notably Fibonacci sequences, which have also characterized every bull run.
Bitcoin O.G. Max Keiser has said that the Bank of England (BoE) will scramble to buy Bitcoin before the digital asset trades at $1 million per BTC.
The host of the Keiser Report and Orange Pill Pod, Max Keiser responded to the Bank of England’s deputy governor’s recent warning about cryptocurrencies in a statement to Express.co.uk.
“Bitcoin is designed to trigger a meltdown of the current fiat money banking system. This is a mathematically guaranteed outcome.
The bargaining phase will be their central bank digital currency stage and when that fails comes depression as the price tops $500,000 and then acceptance with the Bank of England scrambling to buy Bitcoin before it tops $ 1million per coin.”
In other trending Bitcoin News today: Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF!
On Oct. 17, Barry Silbert, the CEO of Grayscale’s parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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