Back in February, the famous macro guru Raul PalFamous for his bold predictions about the crypto market, he predicted: Bitcoin BTC/USD That could soar to $250,000.
Ethereum ETH/USDHe added that it could reach $15,000 to $20,000. Solana Sol/USD It could rise from $750 to $1,000 within the next 18 months.
Why Pal’s crypto predictions are important
Pal, who is the keynote speaker for Benzinga's Future of Digital Assets on November 19th, emphasized that Bitcoin and blockchain technology presents unique opportunities, saying, It was a valuable asset.”
He highlighted issues such as central bank over-indebtedness and currency devaluation, and stressed that average people are becoming increasingly vulnerable.
“You're a wage slave and you can't buy a house… because you're devaluing the currency,” Pal said.
For those feeling pressured by rising inflation and stagnant wages, Pal believes digital assets can act as a hedge against the systemic problems plaguing the global economy.
His ambitious price target hinges on the continued adoption of digital assets and the benefits of platforms like Solana, known for faster smart contract networks.
He argues that cryptocurrencies allow everyday retail investors to participate in a global decentralized financial infrastructure, offering a potential solution to the erosion of wealth caused by traditional monetary policy.
“Banana Zone” and the surge in the fourth quarter
Pal also made headlines for his bold prediction that Bitcoin and the overall cryptocurrency market will rise significantly in the fourth quarter of a presidential election year.
Talk to a crypto trader Scott Melker In June, Pal described this period as the “banana zone,” when risk assets such as Bitcoin typically rise. “The backend quarter of an election year is just a banana zone for all assets.
That’s always the case,” Pal said, suggesting the market could see a strong rally by fall.
He noted that in election years, politicians often “hand out candy” in the form of economic stimulus packages, leading to higher inflation rates and, in turn, higher digital asset prices.
Additionally, he highlighted Solana's trading patterns as an indicator of future market trends, noting that Solana's current trading triangle structure suggests a potential uptrend.
“If you want to add to your SOL position in a cheeky way, this would be a good entry zone…The bananas are ripening slowly,” he added.
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The path to 4 billion virtual currency users by 2030
Another notable prediction from Pal focuses on the future user base of cryptocurrencies.
He believes that cryptocurrency adoption is on an exponential growth trajectory, predicting that the number of users will explode to 4 billion by 2030. “Cryptocurrency is growing at 137% per year.
Currently, we have 516 million users compared to 187 million internet users at the same stage,” Pal said in April.
Referring to the internet adoption curve, Pal predicts that even if the growth of cryptocurrencies slows in line with the post-internet explosion phase, the user base could reach 1.1 billion by 2025. did.
Extending that trajectory to 2030, he predicts that about half of the world's projected population will be involved in the cryptocurrency market.
“Okay, is this going to be perfect? It's been pretty perfect so far…but let's assume it's not. Either way, these numbers are amazing,” he said, adding that over the next 10 years highlighted the transformative potential of digital assets.
$100 trillion market capitalization: the greatest accumulation of wealth
Looking further into the future, Pal predicts that the cryptocurrency space could grow from its current market capitalization of $2 trillion to $100 trillion by 2032-2034.
during the podcast anthony scaramucciPal reassured investors about frequent market turmoil, suggesting that 30% drawdowns are typical in cryptocurrencies and often present buying opportunities.
“You should think of these sales as a gift,” Pal said.
He argues that the current economic cycle, characterized by lower inflation and increased liquidity, generally favors crypto assets. The influence of ETFs is also a key factor, and Pal suggests that increased investor interest reflects an understanding of the role of cryptocurrencies in maintaining purchasing power.
“This will be the largest and fastest accumulation of wealth in human history,” he said, highlighting the potential for life-changing benefits.
Solana outperforms Bitcoin
One of Pal's standout predictions concerns Solana, a blockchain platform known for its speed and scalability.
Pal suggests that Solana is poised to outperform Bitcoin this cycle.
In July, he noted that Solana was forming a classic bullish inverted head-and-shoulders pattern against Bitcoin. This suggests a strong uptrend.
“It's a killer inversion, head and shoulders, cup, handle, whatever. That suggests a very big move on this cross, and it means Solana will be significantly ahead.” said Pal.
He suggested a potential price target for Solana of $265, which represents significant upside from its current value.
According to his chart analysis, Solana has turned a key diagonal resistance into support. This indicates a possible upward breakout.
“Solana, well, it's breaking out. It's retesting that breakout…bringing banana power, that's all we care about,” he added, adding that the asset's future performance expressed confidence.
Why Pal predictions are important
Mr. Pal's predictions resonate with a wide range of audiences, particularly those grappling with inflation and the erosion of wealth caused by the traditional financial system.
As the macroeconomic landscape becomes increasingly uncertain, his insights offer a glimpse into a possible future in which digital assets play a central role in preserving and growing wealth.
These bold predictions and insights will be one of the key topics Raul Pal will be speaking about at Benzinga's Future of Digital Assets event on November 19th.
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Some elements of this story were previously reported and updated by Benzinga.
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