Former Goldman Sachs Manager Who Called Bitcoin Rally Said He May Buy ETH

The crypto market looks pretty bloody today, with the most important coins trading in the red.

At the moment of writing this article, Bitcoin is also trading in the red and the king coin is priced at $9,255.08.

Raoul Pal could buy ETH

The former Goldman Sachs hedge fund manager Raoul Pal said that he’s thinking about buying ETH because he believes that the coin may spearhead the next rally.

He hopped on Twitter to predict that a massive crypto rally is around the corner as Bitcoin is on the verge of a breakout in the near term but also in the long run.

He also made sure to highlight the fact that he could buy ETH:

Bitcoin could reach $1 million

Back in April Pal was saying that he believes that Bitcoin could reach $1 million.

“Would it be crazy for Bitcoin to have a $10 trillion valuation? After all, it isn’t just a currency or even a store of value. It is an entire trusted, verified, secure, financial, and accounting system of digital value that can never be created outside of the cryptographic algorithm,” he said as cited by the online publication the Daily Hodl.

In other news, we recently reported that the popular S2F model is showing that Bitcoin could be hitting $70k by mid-2021, according to two analysts at Weiss Crypto Ratings.

There have been a lot of optimistic predictions about Bitcoin, especially following the halving.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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