Raoul Pal shares hot Bitcoin, Ethereum, Solana predictions amid ATH frenzy
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The spot Bitcoin ETF has remained the dominant catalyst driving the price of BTC to new heights. The daily accumulation from spot Bitcoin ETF issuers, including BlackRock, Fidelity Investments, Ark Invest and Bitwise, notably surpassed the amount of BTC generated through mining. While an average of 5,000 BTC to 10,000 BTC is stacked up daily, only about 900 BTC are generated across the board, creating a notable supply shock that might help drive the price toward the estimated $250,000 in the long term.In addition to the Bitcoin forecast, Raoul Pal projected a $17,000 to $20,000 surge for Ethereum this bull cycle, while he noted that Solana might jump as high as $700 to $1,000.
While the duo of Ethereum and Solana have not retested their respective ATHs at $4,800 and $260 this ongoing bullish run, Raoul Pal has always highlighted their fundamentals as a for Bitcoin as well as Ethereum and Solana, and time will tell how high the three digital currencies will grow this bull cycle.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0.
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