Earlier this year, in February, Raoul Pal, a former Goldman Sachs GS executive, said that Ethereum ETH/USD 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 had said this during an interview with Altcoin Daily.
Pal added that Dogecoin DOGE/USD had tremendous potential and said it would always have 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 added, “In that case, DOGE is currently wildly undervalued.”
Pal also predicted that “crypto spring” would be coming soon. “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.
This story was originally published on Feb. 15, 2023.