UNCHAINED: Market Forecaster Raoul Pal Says There’s a Good Chance Bitcoin Will Hit $100K-$200K in 2024
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 December 2023
⏱️ 40 minutes
🧾️ Download transcript
Summary
Pal describes the likely scenarios for where Bitcoin’s price goes next year, and also discusses the relative merits of Ether vs. Solana and the usefulness of BRC-20 tokens.
The likely impending approval of spot bitcoin ETFs has already sparked a major rally in the price of bitcoin and other cryptocurrencies, but will the bull run continue once the funds are up and running? On this episode of Unchained, the founder and CEO of Global Macro Investor, Raoul Pal, describes why a spot bitcoin ETF is such a significant development, likening it to a free trade agreement with the traditional financial world. He also discusses what effect a spot Ether ETF is likely to have on Ether prices, the relative merits of Ether vs. Solana, the usefulness of BRC-20 tokens and why 2024 is likely to be a very good year for crypto and the economy as a whole.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights |
- How Pal sees crypto as creating a new parallel financial system that a spot Bitcoin ETF will soon offer entrée to
- What he believes will be the key catalysts for the upcoming bull market in crypto
- Why Raoul is predicting a "very strong 2024" for the crypto market, including his outlook for the price of Bitcoin
- How he thinks investors and institutions will respond to the potential launch of an ETH spot ETF
- Why Raoul is bullish on both Ethereum and Solana
- What developments in the Solana ecosystem are making Raoul particularly optimistic
- Which network Raoul expects to emerge as the winner in the blockchain space
- Why he views BRC-20s and Ordinals inscriptions as positive developments for Bitcoin
Thank you to our sponsors! Arbitrum Foundation | Phemex | Popcorn Network
Guest |
Raoul Pal, cofounder and CEO of Real Vision
Links |
Bitcoin ETF and markets:
Unchained:
Bitcoin Surges Past $40,000 for First Time Since April 2022
Signs Increasingly Point to January Approval of Spot Bitcoin ETF Applications
77% of Financial Advisors Are Waiting for a Spot Bitcoin ETF to Offer Their Clients
How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection
Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10
Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF
The Chopping Block: Are We Back? The ‘Low IQ’ Response to the Potential Spot Bitcoin ETF
Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work?
Ordinals and BRC-20s
Unchained:
Bitcoin Ordinals-Related Token ORDI Passes $1 Billion in Market Value
Bitcoin Mempool Reaches Record Levels of Congestion
Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About?
Bitcoin’s BRC-20 Mania: Is It Sustainable?
Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin
Learn more:
How to Create a Bitcoin Ordinal
Solana vs. ETH
Unchained: Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:49.7 | Thanks for listening to Unchained, your no-hype resource for all things crypto, on the CoinDesk |
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| 1:06.8 | I've given up giving prices to people because people on the internet, they're just not nice. |
| 1:12.5 | And so you get, you know, oh, well, says this, so-and-so says that. It didn't do that. |
| 1:17.9 | So I'll phrase it a different way is we're seeing a much earlier ramp in the cycle than we've seen in the past, which is very interesting. |
| 1:26.5 | It's very rare to be this strong, this early in the |
| 1:29.2 | cycle. Now, we are front-running some of the capital flows, and so there's probably some |
| 1:33.4 | correction that happens by the rumour-cell-the-fact. But I think if the space continues like |
| 1:38.5 | this and we start getting monetary easing and the other conditions that tend to jumpstart the business cycle again, |
| 1:45.7 | then we should see a very strong 2024 and most likely a strong 2025. |
| 1:57.5 | Hi, everyone. Welcome to Unchained, your no-hype resource for all things Crypto. |
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