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Real Vision CEO Raoul Pal is unveiling his price targets for Bitcoin (BTC) and Ethereum (ETH) this year while naming one nascent crypto sector that he believes will do well in the coming months.
In a new Real Vision Finance interview, Pal says favorable macroeconomic conditions toward the end of the year could push Bitcoin and Ethereum above $100,000 and $10,000, respectively.
“I use the logarithmic channel. The upside for Bitcoin, if we get traction again, particularly if we end up with some central bank easing, which I think we will get the last part of the year, or allusion to it, I still think Bitcoin can probably do 300% or so this year, and ETH could do more.”
At time of writing, Bitcoin is trading at $43,898.00, while Ethereum is exchanging hands at $3,283.07.
The former Goldman Sachs executive also predicts that 2022 will be the year of social tokens – crypto assets that monetize the value provided by personalities, brands or communities.
“I’ve been eluding this for some time because it’s stuff that I’m working on that I can’t really talk about, but I think this is the year of social tokens. People don’t really [get it] yet. I talk about it.
People that really get it. We’re seeing Bored Ape start with the ape token. There’s some of these, but these are still small scale.
We’re going to see some gigantic communities tokenize, and we’ll see the power of token economics. That’s the big thing that people aren’t aware of because they haven’t seen it yet. That’s my big prediction for this year.”
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Featured Image: Shutterstock/Tithi Luadthong/AM511
