Macro Guru Raoul Pal Is Thankful For 2 Things This Thanksgiving — Bitcoin And Total Crypto Market Cap
Portfolio Pulse from Mehab Qureshi
Macro Guru Raoul Pal expressed his gratitude for Bitcoin and the overall crypto market cap this Thanksgiving. He highlighted Bitcoin's 275,000% gain since 2013 and the total crypto market cap's 44,000% increase since 2015. Pal countered skeptics by noting crypto's performance as the best asset class three out of every four years, even with higher interest rates. He also predicted a 75% surge in Ethereum's price by December, with a target of $3,250.
November 24, 2023 | 12:08 pm
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Raoul Pal praised Bitcoin's performance, with a 275,000% increase since 2013, and remains optimistic about its future trend.
Raoul Pal's positive remarks on Bitcoin's historical performance and its trend could instill confidence in investors, potentially driving short-term demand and price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Raoul Pal predicts a significant price increase for Ethereum, expecting it to reach $3,250 by the end of the year, a 75% surge from its current price.
Pal's prediction of a 75% increase in Ethereum's price by December could influence investor sentiment and lead to a short-term increase in buying activity for ETHUSD.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90