Macro Guru Raoul Pal Says Ethereum Will Reach $10k, Calls Dogecoin ‘Wildly Undervalued’
By Benzinga
Raoul Pal, former Goldman Sachs (NYSE:GS) executive, said that Ethereum (CRYPTO: ETH) could reach $10,000 by 2024.
What Happened: Pal said “I don't see any reason why it's not about $10,000. I see no reason at all, why it's not about $10,000. So, you know, that's a decent upside from here.” He said this during an interview with Altcoin Daily.
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Pal is adamant that Dogecoin (CRYPTO: DOGE) has tremendous potential and always has his “interest,” especially “If Elon Musk decides to incorporate it into his ecosystems of companies then DOGE will have a lot of use cases.” Pal adds, “In that case, DOGE is currently wildly undervalued.”
Pal predicts that the "crypto spring" is coming in about six to nine months. “Spring can be pretty amazing. So if you go back and look at crypto spring in 2019, as I said, both ETH and Bitcoin did turn around 85%, then they backed off quite a long way for a while even when the Fed were cutting rates,” he said.
Price Action: ETH was trading at $1,548, up 5%. DOGE, at $0.086, was up 6% in the last 24 hours, according to Benzinga Pro data.
