Market Comments from the Successful Hedge Fund Manager: The Ethereum Bracket Attracted Attention

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Raoul Pal, former hedge fund manager at Goldman Sachs, crypto currency he touched upon important issues related to the market. Raoul Pal commented on the bull running cycle in a recent interview.

Opinions of the Successful Manager

Real Vision founder Raoul Pal said he disagreed with the experts who made comments on social media and the cryptocurrency market he conveyed that his cycle would not end this year. Pal predicts that the current bull run will not end in December, as it did in 2015 and 2017, and this period will be extended. According to Raoul Pal Bitcoin and Ethereum it will go through two important milestones.

The experienced hedge fund manager believes that two potentially crucial periods will be overcome by marking the next six months. Pal notes that these periods will be quite difficult, but he thinks that the upward break will come with its overcoming.

Raoul Pal’s Future Prospects

According to the on-chain data source Econometrics, the next Bitcoin peak could be $ 253,800 if the current cycle follows the same pattern as 2017. during 2021, Pal, Ethereum he made the emphasis. He noted that interest in the crypto currency market will increase if Ethereum 2.0 is launched and a potential Ethereum ETF is launched in the first half of 2022. Pal believes that in this way, a rally can be triggered when large institutions step into the market:

Institutions tend to make asset allocation decisions as of quarter periods and I predict that we will see a large inflow in January-March of next year. Everyone is waiting for their ETH. It creates an incredible imbalance of supply and demand in the largest altcoin, where only 11% of the total ETH supply is available. Everything else is locked for Ethereum. March dec June is the most important date for a rally. All this means that we will probably see a long cycle, and this will be a new rally that will extend from March to June.

In addition, Bitcoin continues to move above the 60.000 dollar levels, while Ethereum is trading at October 4.507.

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