Bitcoin And Ethereum Forecast For 2023 Revealed By Raoul Pal

Raoul Pal is revealing a new forecast for Bitcoin and Ethereum. Check out the latest reports about all this below.

Real Vision CEO Raoul Pal recently explained the fact that he believes that 2023 is going to be a positive year for crypto.

In a new interview on the Overpriced JPEGs YouTube channel, he explained that he believes Bitcoin (BTC) and Ethereum (ETH) will rise in 2023, albeit with some chop and unpredictability due to policy changes from the Federal Reserve.

Pal also looks at how market cycles of the past reacted to signals from the Fed.

“This is how I’m framing it this time around. So 2018 was the last time the Federal Reserve stopped raising rates. They didn’t cut until I think it was August 2019. So what happened was the moment the Fed went on hold, the markets went on an upside rampage. They were down kind of 30% and then it recovered, so not wildly dissimilar to now.”

He continued and said the following:

“If I look out over the next year, well the S&P did about 10%, Nasdaq did about 14%, [tech stocks like ARK] did about 18%, so that was good. Bitcoin did a 100%, and that’s after it had gone up 400%…”

Pal also stated that he believes it’s going to be a positive year but “that kind of choppy year where one minute you think, ‘Oh my God, it’s going straight to the high,’ then it’s like ‘Oh my God, it’s gone back down we’re all gonna die,’ and then it stabilizes. I think we’ll look back and go ‘Okay, we survived, and we actually made some money.’”

At the moment of writing this article, the crypto market still looks good following the weekend. The optimistic prediciotns about the digital assets’ prices keep pouring like there’s no tomorrow. Stay tuned for more news.