Bitcoin Price Will Be Between $250,000 and $400,000 By March, Raoul Pal Predicts

One of the crypto world’s most vocal bulls has predicted that Bitcoin will be worth between $250,000 and $400,000 by March 2022 — with Ether surging to unprecedented highs of $20,000.

Raoul Pal, a former hedge fund executive at Goldman Sachs who now runs RealVision, told the Bankless podcast that he has now gone all in on cryptocurrencies.

Whereas the vast majority of his crypto holdings used to be in Bitcoin, Pal also revealed that the make-up of his portfolio looks radically different compared with a year ago.

Now, 55% of his savings are in Ether, while just 25% is Bitcoin. The remaining 20% is split across DeFi tokens, so-called “Ethereum killers” including Polkadot, and a selection of social tokens.

Explaining his enthusiasm for Ether, Pal explained:

“There’s tons that have gone into just holding, tons that are locked up in DeFi, tons that are locked up in NFTs, and you're left with, as of today, 11% of the entire supply of Ether available and it’s going down every day. And the demand is going exponential. The only outcome is an exponential rise in price, there's no other outcome.”

Justifying his upbeat price predictions for the coming year, Pal said Bitcoin rising 500% from its most recent all-time high of $60,000 would end up being a “very normal rally for the year end,” taking it to $350,000.

The Bearish Perspective… 

For every super-bullish prediction that’s made about cryptocurrencies, an ultra-negative perspective on digital assets is never far away.

Also yesterday, the billionaire John Paulson told Bloomberg that cryptocurrencies will eventually go to zero — dismissing the asset class as “a limited supply of nothing.”

Paulson, who is known for betting against the US housing market in 2008, warned cryptocurrencies are a bubble — and in line with other critics, he stressed that investors should be prepared to lose everything.

In the battle of Pal and Paulson, only one of them can be right.