Raoul Pal, the founder & CEO of Real Vision, provides his bullish outlook on the cryptocurrency Solana (SOL) in a recent interview. Pal suggested that SOL could potentially outperform both Bitcoin (BTC) and Ethereum (ETH).
He believes that if the crypto follows the “dream scenario,” it could rally up to 20x from current levels – mirroring Ethereum’s 47x move from its 2018 low. Pal also believes that Bitcoin could triple from its all-time high level in 2023 due to a potential supply crunch.
Discussing the price performance of BTC, ETH, and SOL in the next bull cycle, Pal had a highly optimistic projection for Solana. Currently, the cryptocurrency is trading around $21, 1.4% down in the past 24 hours. However, it is up 10% in the past seven days and 43% in the past 30 days.
Pal believes that the bottom might have come when prices fell to around $9 in December 2022. If this dream scenario comes true, it could see Solana reach prices above $400. In the last bull market, it rose to an all-time high of $260.
Turning to Bitcoin and Ethereum, Pal believes they could both double or triple from all-time highs respectively. Bitcoin’s all-time high was $69,000 in November 2021, and tripling from that level would constitute a 6x from current prices. He believes the potential supply crunch in 2023 could drive Bitcoin to a new all-time high.
