Home Crypto Macro Guru Raoul Pal Updates Ethereum Outlook, Says 2013-Style 'Double Pump' Likely

Macro Guru Raoul Pal Updates Ethereum Outlook, Says 2013-Style ‘Double Pump’ Likely

Macro analyst and Real Vision CEO Raoul Pal says the clearest wager within the crypto house proper now’s on Ethereum (ETH).

The former Goldman Sachs fund supervisor tells Camila Russo in a brand new interview on The Defiant that ETH at present affords the perfect risk-to-reward ratio.

“If you may solely personal one asset over the following 12 months, what would it not be? It can be Ethereum. Because it’s the least dangerous with the very best rewards.”

Pal says upcoming Ethereum upgrades will scale back the second-largest crypto asset’s provide and “massively” enhance its community utilization.

Ethereum’s extremely anticipated London exhausting fork is expected to land on August 4th. EIP-1559, one in all many upgrades that may kind the exhausting fork, will make Ethereum a deflationary asset as ETH transaction charges will both be burnt or deposited right into a long-term mining pool.

Pal additionally thinks the upcoming transition to proof of stake will make Ethereum extra environmentally pleasant. The Real Vision CEO predicts establishments will spend money on ETH as these upgrades take maintain.

“It looks like we’re in for the double pump. The 2013 repeat.”    

Pal notes that he’s elevated his publicity to Ethereum whereas lowering his publicity to Bitcoin, estimating that ETH makes up 55% of his present portfolio, BTC makes up 25%, and the remaining 20% is unfold amongst different tokens.

Pal additionally notes that 100% of his liquid belongings are in crypto.

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