Raoul Pal outlined his new bull and bear case for the crypto market, including a shocking Solana price prediction that suggests SOL price could hit $1,000.
On a recent episode of Real Vision Finance Podcast, Raoul Pal – the CEO of Real Vision and a titan in the world of macro – spilled his guts about the crypto bullrun, and Solana (SOL) as this cycle’s 2021 Ethereum up to 5 or 10x from current prices. So, SOL to $1,000?
“If you kind of repeat what ETH did last cycle, it was a 45x from the low. So you get somewhere like $500,” Raoul revealed on Rug Radio’s YouTube channel.
“Looking at the other cards, I get somewhere between $500 and $1,000. And it just depends on the structure of this market. If we get a bubble cycle, it will go to $1,000. If we get some left-translated cycle, it gets $500. It’s something like that.”
Could Bitcoin Halving Event Cause Mid-Cycle -50% Crash?
Conversely, Raoul fears a 50+% mid-cycle in a giant pump (reminiscent of 2020 when BTC fell by -40) that will clear retail investors around the Bitcoin Halving event.
The biggest exciting lesson from Raoul:
Financial markets never recovered from 2008
If you change the denominator of the Fed central bank balance sheet away from USD….
US stock prices have barely moved since 2008.
WOW pic.twitter.com/S5QItsfk9k
— Tim Denning (@Tim_Denning) April 6, 2024
Calling this current bull market “crypto summer,” Pal predicts that Bitcoin and altcoins will rise for the entire year and slow down in 2025.
Here’s what else you need to know about his new bull and bear case for crypto, and Solana price to $1,000.
Crypto Bull Case: Macro Summer Until 2025 (SOL price up to $1000)
As Raoul describes, Makro Summer is characterized by significant uptrends such as Solana price to $1,000 – underlined by the typical crypto volatility we have come to expect – rapid pullbacks that only the brave can endure.
In this type of market – which he expects to continue until 2025 – there will be a critical velocity moment when markets hit ‘Macro Fall’ – a moment when ETH is expected to outperform Bitcoin, while Solana is set to outperform outperforming ETH, leading a parade of altcoins likely to soar in a full-blown meme coin season.
This is a domino effect spurred by increasing global liquidity and a strengthened business cycle.
(Liquidity index)
Amidst this bullish backdrop, Pal touches on the SEC’s stance on Ethereum.
While there is a concerted effort to limit the crypto migration to protect traditional financial sanctuaries, Pal suggests that the goal is to slow crypto’s takeover rather than outright ban it.
“Everybody knows how messed up the system is,” Raoul said, referring to American banking.
“Their one task is not to allow the migration to cryptoland to happen too quickly. I don’t think they want to stop it; I don’t think even the banks want to stop it. But I think their real job is to slow it down.”
Raoul’s Bear Case for Crypto Markets and Other Takeaways
With significant Bitcoin ETF inflows marking the current landscape, questions remain about potential outflows as we transition from macro summer to fall. There is also the specter of high inflation and increased market manipulation of crypto to worry about.
Raoul says to remember to buy when everyone else is selling. Do you remember 2008? The big risk then is now a big risk: FOMO. Fear of missing out is bait in a bear market rally.
“Bulls make money. Bears make money. Pigs are being slaughtered,” Raoul asserted.
This lesson continues to go over many investors’ heads as they invest in crap coins during market rallies or FOMO instead of slurping declines.
Aside from SOL price, here are some other trends that Raoul Pal has noticed in the past few days:
AI Bubble: When you get such a breakthrough in technology that everyone has to use it – it’s likely to lead to a big bubble, Raoul told Yahoo Finance.
Web3 200X: Raoul believes Web3 (mainly programs on Ethereum) will “grow 200x” from here. “I have never seen anything like this, because nothing like this has ever happened in human history in such a short time.”
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and is not investment advice. You can lose all your capital.
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