Real Vision CEO Raoul Pal thinks that Bitcoin could triple from its current level, while Ethereum (ETH) could almost quadruple.
Pal believes that the probability of Bitcoin reaching $200,000 and Ethereum reaching $20,000 is more than 70%.
According to Pal, Bitcoin is showing similar behavior to 2013.
Pal also thinks there is a “good chance” for the current Bitcoin cycle to continue longer than before.
Pal believes that if the 2017 bull rally repeats, Ethereum could hit $40,000 by the end of the first or second quarter of 2022.
When asked if Ethereum would drop by 90%, similar to what happened in 2018 after the bull rally, Pal replied that he didn’t think such a thing would happen.