Raul Pal: Bitcoin will reach $ 250,000, Solana — $ 1000

Former Goldman Sachs executive Raul Pal suggested that the target level of bitcoin BTC $98,363.91 Bitcoin 5.16% Market capitalization $1.95 trillion VOL. 24 hours $2.45 billion in the near future is $ 250,000 per coin. In his opinion, the first cryptocurrency may surpass the forecasted level due to the high demand for spot bitcoin ETFs.

The upcoming April halving, Pal believes, will also increase demand for cryptocurrencies, as the rate of BTC production will drop due to a 50% drop in rewards: from 6.25 BTC per block to 3.125 BTC.

The legendary trader is bullish on ethereum ETH $3,487.13 Bridged Ether (StarkGate) 3.82% Market capitalization $0.31 billion VOL. 24 hours $1.26 billion : thanks to the usefulness of smart contracts, the value of the altcoin may rise to $ 17,000-$ 20,000. Currently, ethereum is trading above $ 4,000, but unlike bitcoin, it has not yet broken its record. As a reminder, in November 2021, the leading altcoin was trading above $ 4850.

The founder of Real Vision expects ETH’s growth to be influenced by a strong correlation with bitcoin, expectations of the launch of spot ETFs in the US, and the upcoming Dencun update due on March 13.

Raul Pal is confident that the price of the Solana cryptocurrency SOL $196.17 Solana 6.14% Market capitalization $94.05 billion VOL. 24 hours $0.62 billion will range from $ 700 to $ 1000. The investor believes that high blockchain performance will increase the demand for SOL.

It is worth noting that in early November 2021, SOL reached a peak of $ 260, and the coin still has plenty of room for growth.

Last year in December, a cryptocurrency enthusiast suggested that in 2024, ethereum would show more noticeable results than bitcoin. Raul Pal spoke about his investment in the XRP coin, noting the potential of the XRP Ledger (XRPL) blockchain.