Raoul Pal – Ethereum is the Moon Shot! – I AM VERY SURE! Price Prediction

Raoul Pal – Ethereum is the Moon Shot! – I AM VERY SURE! Price Prediction

If you’re familiar with Raoul Pal, you know that he’s one of the biggest Ethereum bulls in the crypto world.

He believes it has the best risk to reward by far. He’s not just saying that either. He’s put his money where his mouth is and over 90% of his portfolio is invested in ETH.

What makes him so confident?

Raoul broke down 3 major catalysts:

1. The Ethereum Merge. Thought the Bitcoin Halving was a big deal? That cut’s the supply of Bitcoin by 50%. Last year due to the ETH merge, the supply of Ethereum was cut by 99%.

2. EIP-1559. On August 5, 2021, a burn mechanism was added to Ethereum. This means every time Ethereum is transacted with, a fee of ETH is burnt. Gone forever.

3. Unlike Bitcoin, you can stake Ethereum. Over 20% of the entire Ethereum supply is staked, meaning it’s likely held by high conviction, long term holders.

Combine all 3 and Raoul believes Ethereum has the perfect set-up. Since the merge, Ethereum has been deflationary with a reduction of 300,000 ETH. This equals just under $500 mil.

In the last bull-run, Ethereum almost got to $5,000. With much better supply economics, just how high could it go in the next bull-run?

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