In a recent video, Raoul Pal, the CEO of Real Vision, claims that the “summer of altcoins” could arrive within a month. This will become apparent through a sharp rise in both cryptocurrency prices and their total market capitalization. Additionally, Pal believes that developer activity will be stimulated by a growing interest in the altcoin market.
“Typically, Bitcoin leads the way during the crypto spring, but when the crypto summer arrives, Ether tends to outperform BTC. However, it is unlikely that Ether will surpass Solana’s performance, as Solana is still in the early stages of adoption, resulting in more significant percentage changes in its price. Currently, we are in the final phase of the crypto spring, and the days are getting warmer… But the true summer will occur when altcoins reach and surpass their previous records in terms of market capitalization and price. I believe that major altcoins will experience parabolic growth in 2024,” explained Raoul Pal.
Simultaneously, the investor emphasized that after the cryptocurrency summer, there will inevitably be an autumn, as observed in previous cycles. This indicates that following the peak levels, cryptocurrencies will experience a decline. In this cycle, Raoul Pal predicts that Bitcoin will reach a peak value of $300,000.
In a recent statement, Raoul Pal also mentioned that he expects approximately half of the global population to own digital assets by 2030.