Pal believes that Solana could follow the trajectory of Ethereum, which saw a substantial rise following its low in 2018. During that period, Ethereum’s price increased approximately 47 times.
Pal stated that in a reasonable scenario, he expects Solana to see a surge of at least 20-fold from its current prices. “There is a potential, a dream scenario, for SOL to do the same thing Ethereum did from its low in 2018 when it increased 47-fold. Solana’s lowest price was $9, so the numbers could get very interesting with simple math. In my view, Solana could increase its value 20 times with current prices.”
Raoul Pal also shared his predictions for the leading cryptocurrency, Bitcoin (BTC), stating that it could potentially increase two or three times from its all-time high. According to Pal, such a surge would be considered a modest increase, and such a bull run would be the least impressive in Bitcoin’s history.
“Predicting where it will really go is extremely challenging, but what I can say is that it’s reasonable for BTC to increase two or three times from its all-time high. This doesn’t mean it’s too much to expect or want. If such an increase occurs, it will be the worst bull market in Bitcoin history.”
“It’s probably going to triple from its all-time high. It’s currently around $30,000, so it would increase its value by six times with current prices. That’s pretty good. The upside is, maybe I’m completely wrong and there might be a total panic and it could be a much stronger rally. We don’t know what will happen in the US economy in 2025, what could drive prices.”