{"id":4039,"date":"2024-10-12T00:43:57","date_gmt":"2024-10-12T00:43:57","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/10\/12\/bitcoin-will-hit-250k-raoul-pal-says-why-the-gurus-top-5-crypto-predictions-matter-if-youre-a-wage-slave-grayscale-bitcoin-mini-trust-btc-common-units-of-fractional-undivided-beneficial-int\/"},"modified":"2024-10-12T00:43:57","modified_gmt":"2024-10-12T00:43:57","slug":"bitcoin-will-hit-250k-raoul-pal-says-why-the-gurus-top-5-crypto-predictions-matter-if-youre-a-wage-slave-grayscale-bitcoin-mini-trust-btc-common-units-of-fractional-undivided-beneficial-int","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/10\/12\/bitcoin-will-hit-250k-raoul-pal-says-why-the-gurus-top-5-crypto-predictions-matter-if-youre-a-wage-slave-grayscale-bitcoin-mini-trust-btc-common-units-of-fractional-undivided-beneficial-int\/","title":{"rendered":"Bitcoin Will Hit $250K, Raoul Pal Says: Why The Guru’s Top 5 Crypto Predictions Matter If ‘You’re A Wage Slave’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)"},"content":{"rendered":"
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Back in February, renowned macro guru Raoul Pal<\/strong>, famous for his bold predictions about the crypto market, predicted Bitcoin<\/strong> BTC\/USD<\/span> could skyrocket to $250,000<\/a>. <\/p>\n

Ethereum ETH\/USD<\/span>, he added, could reach between $15,000 and $20,000 while Solana <\/strong>SOL\/USD<\/span> might climb to between $750 and $1,000 within the next 18 months.<\/p>\n

Why Pal’s Crypto Predictions Matter<\/h3>\n

Pal, who is a keynote speaker at Benzinga’s Future of Digital Assets<\/a> on Nov. 19, emphasized that Bitcoin and blockchain technology present a unique opportunity, stating, \u201cThis was an asset that you can own outside of the financial system that has value.\u201d<\/p>\n

Highlighting issues like excessive debt and currency debasement by central banks, he stressed that the average person is increasingly vulnerable. <\/p>\n

\u201cYou\u2019re a wage slave, and you can\u2019t buy a house\u2026 because they\u2019re debasing the currency,\u201d Pal said. <\/p>\n

For those feeling the squeeze of rising inflation and stagnant wages, Pal believes digital assets can serve as a hedge against the systemic issues plaguing the global economy.<\/p>\n

His ambitious price targets hinge on the continued adoption of digital assets<\/a> and the advantages of platforms like Solana, known for its faster smart contract network.<\/p>\n

He argues that cryptocurrencies enable everyday retail investors to participate in a global, decentralized financial infrastructure, offering a potential solution to the erosion of wealth caused by traditional financial policies.<\/p>\n

\"Benzinga<\/a><\/figure>\n

The \u2018Banana Zone’ And Q4 Surge<\/h3>\n

Pal also made waves with his bold prediction for a significant surge in Bitcoin and the overall crypto market during the fourth quarter of the presidential election year<\/a>.<\/p>\n

Speaking to crypto trader Scott Melker<\/strong> in June, Pal described the period as the \u201cbanana zone,\u201d where risk assets like Bitcoin typically experience rallies. \u201cThe backend quarter of an election year is true banana zone for all assets.<\/p>\n

It always is,\u201d Pal said, suggesting that by autumn, markets could see a robust upswing.<\/p>\n

He pointed out that election years often involve politicians \u201chanding out candy\u201d in the form of stimulus packages, leading to higher inflation and, in turn, higher digital asset prices. <\/p>\n

Additionally, he highlighted Solana\u2019s trading patterns as an indicator of upcoming market trends, mentioning that Solana\u2019s current trading triangle structure suggests a potential uptrend. <\/p>\n

\u201cIf you wanted a cheeky top-up of your SOL position, this would likely be a good entry zone\u2026 the bananas are slowly ripening,\u201d he added.<\/p>\n

Also Read: Satoshi Nakamoto Being Pseudonymous \u2018Is One Of The Coolest Things Ever,\u2019 Human Rights Activist Said\u2014Could The HBO Documentary Kill The Mystery?<\/a><\/strong><\/p>\n

The Path To 4 Billion Crypto Users By 2030<\/h3>\n

Another of Pal\u2019s notable predictions focused on the future user base of cryptocurrencies. <\/a><\/p>\n

He believes crypto adoption is on an exponential growth path, forecasting the number of users to explode to 4 billion by 2030. \u201cCrypto has been growing at 137% a year. <\/p>\n

It\u2019s now at 516 million users versus 187 million of the internet at the same stage,\u201d Pal noted in April.<\/p>\n

Using the internet’s adoption curve as a reference, Pal projected that even if crypto\u2019s growth slows to match the internet\u2019s post-explosion phase, the user base could still reach 1.1 billion by 2025.<\/p>\n

Extending that trajectory to 2030, he anticipates around half of the world\u2019s projected population will be involved in the crypto market. <\/p>\n

\u201cNow, will this be perfect? It\u2019s been pretty perfect so far\u2026 but let\u2019s assume not. Either way, these numbers are simply staggering,\u201d he noted, emphasizing the transformative potential of digital assets in the coming decade.<\/p>\n

$100 Trillion Market Cap: The Largest Wealth Accumulation<\/h3>\n

Looking further into the future, Pal has predicted that the crypto space could grow from its current $2 trillion market cap to $100 trillion by 2032-2034. <\/a><\/p>\n

During a podcast with Anthony Scaramucci<\/strong>, Pal reassured investors about the frequent market turbulence, suggesting that 30% drawdowns are typical in crypto and often present buying opportunities.<\/p>\n

\u201cYou should be thinking of these sell-offs as a gift,\u201d Pal stated.<\/p>\n

He argues that the current economic cycle, characterized by declining inflation and increasing liquidity, generally favors crypto assets. The impact of ETFs is also a significant factor, as Pal suggests that growing investor interest signals an understanding of crypto\u2019s role in preserving purchasing power.<\/p>\n

\u201cThat would be the largest, fastest accumulation of wealth in all of human history,\u201d he said, underlining the potential for life-changing gains.<\/p>\n

Solana To Outperform Bitcoin<\/h3>\n

One of Pal\u2019s standout predictions involves Solana, a blockchain platform known for its speed and scalability<\/a>.<\/p>\n

Pal suggests that Solana is poised to outperform Bitcoin in this cycle. <\/p>\n

In July, he pointed out that Solana is forming a classic bullish inverse head and shoulders pattern against Bitcoin. This signals a strong uptrend.<\/p>\n

\u201cThat\u2019s a killer inverse head and shoulders, cup and handle, whatever it is. It\u2019s suggesting there is a very big move to come in this cross, meaning Solana is going to outperform a lot,\u201d Pal stated.<\/p>\n

He hinted at a potential price target of $265 for Solana, representing a significant gain from its current value. <\/p>\n

According to his chart analysis, Solana has turned a key diagonal resistance into support. This indicates the possibility of an upward breakout.<\/p>\n

\u201cSolana, well, it\u2019s breaking out. It\u2019s retesting that breakout\u2026 brings you the power of the banana, which is all we care about,\u201d he added, expressing confidence in the asset\u2019s future performance.<\/p>\n

Why Pal’s Predictions Are Vital<\/h3>\n

Pal’s predictions resonate with a wide audience, particularly those grappling with the erosion of wealth caused by inflation and traditional financial systems. <\/p>\n

As the macroeconomic landscape becomes increasingly uncertain, his insights offer a glimpse into a possible future where digital assets play a central role in wealth preservation and growth. <\/p>\n

These bold projections and insights will be among the key topics Raoul Pal will talk about at Benzinga’s Future of Digital Assets<\/a> event on Nov. 19.<\/p>\n

Read Next: <\/strong><\/p>\n

Image: Shutterstock<\/em><\/p>\n

Some elements of this story were previously reported by Benzinga and it has been updated.<\/em><\/p>\n<\/p><\/div>\n

\u00a9 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"

Back in February, renowned macro guru Raoul Pal, famous for his bold predictions about the crypto market, predicted Bitcoin BTC\/USD could skyrocket to $250,000. Ethereum ETH\/USD, he added, could reach between $15,000 and $20,000 while Solana SOL\/USD might climb to between $750 and $1,000 within the next 18 months. Why Pal’s Crypto Predictions Matter Pal, […]<\/p>\n","protected":false},"author":1,"featured_media":4040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/4039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=4039"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/4039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/4040"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=4039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=4039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=4039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}