Market Forecaster Raoul Pal Says There’s a Good Chance Bitcoin Will Hit $100K-$200K in 2024
Pal describes the likely scenarios for where Bitcoin’s price goes next year, and also discusses the relative merits of Ether vs. Solana and the usefulness of BRC-20 tokens.
Dec 8, 2023
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ABOUT
The likely impending approval of spot bitcoin ETFs has already sparked a major rally in the price of bitcoin and other cryptocurrencies, but will the bull run continue once the funds are up and running? On this episode of Unchained, the founder and CEO of Global Macro Investor, Raoul Pal, describes why a spot bitcoin ETF is such a significant development, likening it to a free trade agreement with the traditional financial world. He also discusses what effect a spot Ether ETF is likely to have on Ether prices, the relative merits of Ether vs. Solana, the usefulness of BRC-20 tokens and why 2024 is likely to be a very good year for crypto and the economy as a whole.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights |
- How Pal sees crypto as creating a new parallel financial system that a spot Bitcoin ETF will soon offer entrée to
- What he believes will be the key catalysts for the upcoming bull market in crypto
- Why Raoul is predicting a "very strong 2024" for the crypto market, including his outlook for the price of Bitcoin
- How he thinks investors and institutions will respond to the potential launch of an ETH spot ETF
- Why Raoul is bullish on both Ethereum and Solana
- What developments in the Solana ecosystem are making Raoul particularly optimistic
- Which network Raoul expects to emerge as the winner in the blockchain space
- Why he views BRC-20s and Ordinals inscriptions as positive developments for Bitcoin
Thank you to our sponsors! Arbitrum Foundation | Phemex | Popcorn Network
Guest |
Raoul Pal, cofounder and CEO of Real Vision
Links |
Bitcoin ETF and markets:
Unchained:
Bitcoin Surges Past $40,000 for First Time Since April 2022
Signs Increasingly Point to January Approval of Spot Bitcoin ETF Applications
77% of Financial Advisors Are Waiting for a Spot Bitcoin ETF to Offer Their Clients
How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection
Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10
Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF
The Chopping Block: Are We Back? The ‘Low IQ’ Response to the Potential Spot Bitcoin ETF
Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work?
Ordinals and BRC-20s
Unchained:
Bitcoin Ordinals-Related Token ORDI Passes $1 Billion in Market Value
Bitcoin Mempool Reaches Record Levels of Congestion
Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About?
Bitcoin’s BRC-20 Mania: Is It Sustainable?
Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin
Learn more:
How to Create a Bitcoin Ordinal
Solana vs. ETH
Unchained: Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and the Executive Producer is Jared Schwartz.
HOST
Laura Shin
Laura Shin is a crypto journalist, host of the Unchained podcast, and author of “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze” (Public Affairs, 2022). Formerly a senior editor at Forbes, she was the first mainstream journalist to cover crypto full-time, and her podcasts and videos have had more than 15 million downloads and views. Shin has spoken about cryptocurrency at places such as TEDx San Francisco, the International Monetary Fund, Singularity University and the Oslo Freedom Forum.
She graduated Phi Beta Kappa with Honors from Stanford University and has a master of arts from Columbia University’s School of Journalism. She lives in New York City.
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