Macro guru Raoul Pal says three value prediction charts for Bitcoin, Ethereum and Solana are working like “pure magic.”
In a brand new Crypto Banter podcast, the co-founder and chief govt officer of Actual Imaginative and prescient compares Bitcoin’s present market cycle to that of 2012-13, suggesting a value goal of over $250,000 for the top of this bull run.
“I’ve been utilizing this for over a 12 months, and it’s been pure magic…It offers us a fairly clear goal, and it’s been magic. It gave me the power by the bear market to maintain including, pondering ‘we all know how this performs out.’”
The previous Goldman Sachs govt then pulls up one other chart that compares Ethereum’s value development from 2016 to Bitcoin’s from 2011 to 2019.
“And so right here’s Ethereum VS Bitcoin in 2017. It’s been fairly rattling good. In reality, I’ve bought this as a real-time chart on my Bloomberg and it virtually works to the day proper now [because] it’s so shut.”
Lastly, Pal brings up a chart that exhibits how sensible contract platform Solana (SOL) is following the identical path Ethereum did in 2016-2017, which if continued would land SOL above $800 in April 2022.
“The Ethereum value now could be fairly precisely in keeping with the Bitcoin value in 2017. And right here’s Solana on the value as ETH, rising quicker as a community, however the chart is equivalent once more. It’s loopy.”
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