Bitcoin attempted to hit $44,000 a few hours ago but was halted. The majority of cryptocurrencies are slightly in the green, with Cardano being the biggest gainer among the larger-cap ones, up 8%.
Raoul Pal, CEO of Real Vision, revealed his price targets for Bitcoin (BTC) and Ethereum (ETH) for this year, as well as an embryonic crypto industry that he believes will do well in the coming months.
Pal claims favorable macroeconomic conditions towards the end of the year could lift Bitcoin and Ethereum above $100,000 and $10,000, respectively, in a new interview with Real Vision Finance.
The logarithmic channel is what it uses. The positive for bitcoin is that if we regain ground, especially if we see some central bank easing, which he thinks we will see in the last quarter of the year, or a hint of it, he still believes Bitcoin can grow 300% or more this year, and ETH could grow much more.
At the time of writing, Bitcoin is worth $42,326.00 and Ethereum is worth $3,226.07.
2022 – A year of special tokens!
According to the former Goldman Sachs executive, 2022 will be the year of social tokens, which are crypto-assets that monetize the value provided by people, brands or communities.
He says he’s been avoiding it for a while since he’s been working on something he can’t really talk about, but he thinks 2017 is the year of social tokens. People haven’t grasped it yet. It’s something I talk about.
People who really understand. Bored Ape starts with the monkey token. There are some, even if they are still on a modest scale.
We will see massive communities symbolizing themselves, demonstrating the power of the token economy. This is the major point that most people ignore because they haven’t seen it yet. That’s my main prediction for this year, he said.