Former Goldman Sachs director who called the massive Bitcoin rally (BTC) says he can buy Ethereum (ETH) – here’s why


Former Goldman Sachs hedge fund manager Raoul Pal said he is considering buying Ethereum because he thinks the second-largest cryptocurrency could spearhead the next bull rally.

In a series of tweets, Pal predicts that a larger crypto rally is on the horizon while Bitcoin (BTC) is about to break out in both the short term and the long term.

But the investment strategist believes that a break in the BTC will be preceded by a big reversal of Ethereum.

Pal points out that Ethereum has already ended its multi-year bear market against Bitcoin. The former hedge fund manager explains that these factors push him to sink into the second largest cryptocurrency.

“I don’t have ETH yet but I feel the need to think about adding more. My main vehicle remains bitcoin. A rising tide will likely lift all of the boats. We have been patiently waiting for the escape for some time. Who knows if it breaks out now but time is running out… ”

In April, Pal made a bold statement that Bitcoin could reach $ 1 million in as little as three years.

“Would it be crazy if Bitcoin had a valuation of $ 10 trillion?” After all, it is not just a currency or even a store of value. It is a complete trusted, verified, secure, financial and accounting system of digital value that can never be created outside of the cryptographic algorithm. It is nothing less than the future of our entire exchange system, money and the platform on which it operates…

I think this is the greatest job of our life and just when we need it most. “

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors must exercise due diligence before investing high risk in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.


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