20k Ethereum This Year (Why ETH Crushes Bitcoin)

interesting enough the theorem is exactly mirroring the 2017 uh bull run of bitcoin um that should from here lead us to top house at about 20 000. all right everybody i'm very pleased to be joined by raul powell he is the ceo and co-founder of real vision finance and and just so everybody knows uh i've watched some videos on there that i feel like weren't even that much about you know trading or finance but very informative videos about china about world you know the world you know stuff events i just think what you do is amazing uh so first and foremost welcome to the show it's great to be here finally right it's taken us a while to get this sorted out it has has been a while for sure i would like to have you on you know six months ago but you know a few months ago might not have been as interesting while prices were down but things are looking favorable uh right now so let's let's get started you've made a lot of comments on bitcoin a lot of comments on ethereum a little bit later on probably for a second video we'll be talking about a lot of the other all coins i really want to focus on bitcoin ethereum for this one so let's start with bitcoin you know first and foremost what are your you know just general thoughts on the value of bitcoin where we're at in the market uh what are your observations right now you know i i have been following um the this bull market in bitcoin versus 2013 and they map each other really well right so there's a number of things i look at i look at like the stock to flow model that plan b gives out we kind of all look at that and think yeah it should keep going up then i start looking at like network effects stuff you know how many wallet addresses with non-zero balance in them stuff like that um a nice log chart you can see where the trend is um and then i just map it against the previous bull market and it's pretty much mirroring 2013. and so i kind of we kind of knew roughly where this low of this mid-cycle correction was it kind of worked out and now it should start moving significantly higher very quickly so we might have a bit of sideways first but you know we've already done a little bit of that and then the next phase is three months of face ripping rallies yeah so yeah you know because that's what everybody wants to know you know i think the the worst case is probably 200 000 and the best case is 400 plus depends whether the cycle gets extended which i think there's a probability of so i'm going to uh disagree with you on that actually i'm going to say everything you said lines up with what i was saying at the beginning of the bull run like in the beginning we go all the way back to you know december 2019 i was making predictions on where i thought bitcoin was going to go uh you know definitely saw it going at least to 225 000 and then uh you know as the prices moved uh you know much higher the beginning of the year i was thinking well you know we could you know clear the stock and flow model go to 320 uh things like that i believe that we're going to only see for bitcoin we only have about four or five maybe six weeks tops left i think this thing's gonna rip very fast but i think that there's gonna be controls put on i'm really interested to get your opinions because i feel like for me personally uh over the last few months like my eyes to what really happens in the world of markets and finance and you know you're a former goldman sachs what was your title at goldman sachs um i started and ran the hedge fund sales business at goldman sachs and then i ran a big big hedge fund for one of the biggest hedge fund firms in the world as well yeah now i think i think you're a good guy i think you're a good guy and i've said this a lot i i don't lump you in with a lot of the traditional finance people that i don't like uh because i just feel like there's too much control from from the hedge funds from uh you know what we call the financial cartel here and this person was in the belly of the beast at some point working for goldman sachs uh do you not see uh that the the the financial cartel the powers-to-be the people that control the markets in the world that they don't want bitcoin to go to those high numbers because if bitcoin goes to 400 thousand dollars that would put uh the stock market in very very serious trouble because why would someone invest in the stock market compared to crypto with those kinds of returns when now we know institutional money big money is in play here so i'll give you the inside track they're all building out crypto teams they're all trying to offer it to their clients um and it is coming and they don't want to stop it because they want to make money for it so what i've always been saying to people is this is the opportunity for the little guy to front run wall street don't fear them they won't stop it because they too can make money so therefore front run them so i don't think it gets stopped um of course there's going to be more regulation over time but bitcoin not a great deal more regulation there will be an etf out you know i hear that through lots of back channels from a lot of people it's coming so i am much less concerned by that um than you might be um i think stuff like defy okay that's going to be a different battle bitcoin they're involved they're building out teams they're offering it to clients they want to build products around it they want to make money too and i've been saying all the way through best thing to do is own it before they do yeah and then we get to make money when they come in so i certainly am with you i'm believing uh i know you've made many statements before about a one to five million dollar bitcoin uh over the next you know ten years whatever it is i'm a big proponent of that i believe there's virtually a zero percent chance the bitcoin is not at some point uh at least a million dollars i believe that's closer to eight years away at this point um you know i think probably two cycles away from from getting to a million dollars so i agree with everything you're saying i see that these people are building out teams and they're building out crypto teams uh but my argument is just i think in the short term for the rest of this bull run they're going to kind of throw the brakes on at some point because they don't want it to get too out of control too quickly but eventually it will be out of control eventually those prices will go up up much higher so you're also extremely bullish now on um ethereum i know you've said a lot of times you know you've made many comments about kind of bitcoin versus ethereum i'm a huge proponent of ethereum we call ourselves the uh the official ethereum channel here on youtube because there's nobody that can tell us we can't say that it's decentralized am i right so i want to know like your thoughts i know you are big on the network effects like what is your general you know kind of view on aetherium right now versus bitcoin so look at the chart the eighth bitcoin cross it's forming this little wedge pattern short term i think it's going to break that any day now then the next move is to 0.08 that is the big level it's the massive kind of resistance level and if it goes to that you know that cross is going to move up at least 100 or more so basically my view is that east is going to dramatically outperform bitcoin i mean already this year you know east up 350 percent and bitcoin's less than it always outperforms bitcoin yes particularly at this point in a cycle right um so i'm on price action alone i'm very bullish on network model it's growing faster more people are coming to the network faster than that happened to bitcoin with at the same stage um with the same number of users there's more development going on it more applications going on it it's kind of like and they're just reducing the supply with the you know eip 1559 and then eat 2.0 there's like only 11 percent of all eth left on exchanges there's no supply and that's going down every day and demand is going up exponentially and the only way if you've got supply that's capped and demand going up exponentially the only thing that's going to happen is price goes up exponential so i'm incredibly bullish eth was that a bitcoin maximalist ring in the doorbell is that what that was luckily that borders are closed so they can't come and get me yeah i i i that's funny uh it's not funny that they're closed but it's funny that they're coming to get you now now you've actually let's move on to talk about that a little bit i want to move back to ethereum here in a few moments but uh what do you think about the big bitcoin maximalist to me they're the most toxic people in in crypto it's like you can't have an opinion that anything else can be decent without those people coming after you know you've had some interactions what is your viewpoint on the bitcoin opinion i split it down to two p two groups one is the group that has a belief that bitcoin can become the monetary system of the world you know could it become the global currency i i i understand that view and it's possible that but that view doesn't mean that ethereum or any of these other ecosystems token ecosystems don't work within that but the base layer of money could be bitcoin i get that and some of those guys say listen and i think um jack dorsey's one of those he's like yes i just want to focus on this yeah because that's the bet i want to do and i'm not going to insult you for what your view is because i just want to work on the money part then there's the other bunch that are insecure um worried that this is a competition between protocols and that they might lose and that's in the past people were bad to them and therefore they need to fight for this it's ridiculous because i think this whole asset class goes from two trillion dollars to 200 trillion dollars everyone's gonna make money yeah you can be a you can be a chimp and make money in cryptocurrencies over a five year time horizon you just yeah it doesn't require much work when something goes up a hundred fold but to assume only bitcoin should go up is is is crazy and it's just insecurity i'd love to actually meet who those people are my guess is they're very young yeah um and very disenfranchised well i i think often times that uh i try not to get into it with people on twitter specifically because it's a it's just an it's not a winning battle for me even if i make great points and i destroy the other person i'm i'm giving that person they'll get followers because they you know argued with me and it became a thing so i've learned like just not to attack people you know back even though it's hard for me because i am like a like a fight not flight kind of guy but you know the the thing is with these people is i think the the vast majority of these large disagreements i think there were like 17 year old kids you know i i think it's with kids and what you got is you got adults arguing with kids not realizing they're arguing with kids i think if you realize you were you were arguing with a kid that was in his keyboarding class sophomore year you're gonna be much more likely to be like ah i'm just gonna leave this alone but because of the anonymity of all the avatars and things like that you just don't know who you're really arguing with so it's definitely i just i just block people in there if they're rude i block them they can disagree with me and i'm happy all day but if they just stop being a dick i just block them there's no reason not to you know that that's where we're at too it's just easier to remove those people and not have to deal with it so well okay so let's let's i agree i think that's great what you said about the two different camps so the maximalist and people are like this is just what i want to focus on and the other ones are just you know vitriolic and and bitter for whatever reason i i don't know why just look for somebody to argue with but i want to move back to uh bitcoin versus ethereum because for me i believe that there's a chance that by the end of this run if if ethereum is able to break that .08 and if it were to set an all-time high to where it was you know uh back in the day at 0.14 i mean we could look at ethereum approaching the bitcoin market cap in this cycle do you think that is possible i think approaching the bitcoin market cap in this cycle is right i don't think it does it this time around but it's going to get close i think it's got potential to basically meet it or maybe beat it like just by i don't know a million dollars and then she gets shot back down i think he could like neck and neck and then like boom boom and then go back down it won't be a permanent move during the cycle i don't think by any stretch your imagination no i think that would probably be the cycle peak my how i think of this plays out is i think ethan is going to be the driver so the bitcoin etf is the big driver left in bitcoin then it's 2.0 so everybody's got ether is going to stake it so you go into 2.0 um and then after that a bunch of people are going gonna release their eth because they've staked it and they'll go and buy a house or a car or whatever they've done because they've made money out of it my guess is that is going to be the peak of this whole thing even though e3.0 is really bullish in the long run yeah just human behavior is you buy the rumor sell the fact and that's probably the point when eth might as you said just might nudge above bitcoin market cap and then the whole thing falls down again as we go into a you know typical kind of bear market as everyone's got over optimistic so so but you do believe i think we probably agree on this uh next bull run ethereum permanently passes bitcoin i think so yeah i i i there's no way i mean when you look at when you look at how much ethereum does i mean the idea that bitcoin can become the currency of the world a currency that no one actually wants to spend because the number one value is appreciating in value doesn't make sense to me uh but when you look at all the things that ethereum does you know it can bring in the derivatives market what it does with nfts what it does with defy i mean there's really no shortage of opportunity for ethereum and there's just so much there look maybe we're wrong maybe they build a bunch of stuff on the lightning net layer they build smart contracts out properly but they're a long way behind because you and i know you go online you buy anything i mean i commissioned an architect to build the real vision headquarters in crypto voxels have to pay them beneath an nft have to pay is money in the internet now whether anybody like not bitcoin is not money nobody pays with bitcoin because bitcoin's job is not to pay bitcoin's job is not for high transactions yes you can use the network for lightning payments but people don't want to use bitcoin they just want to hold on to it and that's okay yeah well so so let's let's just wrap this part of this interview uh up with this i want to know what is your price prediction you already said for bitcoin maybe 200 to 400 k what is your price prediction for ethereum for the remainder of this full cycle and when do you think when do you think ethereum tops out so interestingly enough the theorem is exactly mirroring the 2017 uh bull run of bitcoin um that should from here leave us to top out at about 20 000. now again could we go further it's possible but it's exactly mirroring bitcoin at this point and you believe that's this year you think it'll top out this year well between between now and kind of you know early next year yeah i don't think necessarily we peak in december everyone's kind of got that in their heads i think this 2.0 is probably going to be the top so whenever that comes out we don't even know yet yeah i'm assuming march yeah i think i think that's a a good way look i would for me personally i'm looking at ethereum topping out somewhere between halloween and thanksgiving so i i believe in a faster timeline uh that than a lot of people have so we'll see because the rubber's hitting the road we're getting into the fall okay well here's a question for you then how do you deal with that so let's say how do you this is the hard thing about exiting some of this trade right if you want to take some chips off the table when the hell do you do it do you feel stupid if it goes up it doubles again from halloween till the end of the year how are you thinking of doing that yeah so for me it's very easy i i weigh out the pain of regret you know you say to yourself you know like when we looked at our portfolio here at bit boy crypto back in april it was crushing it was doing so great and then when you looked at the beginning of june it was like that regret of not cashing out more over that time period even though now it's bounced back the regret was strong and so for me even if it goes to 400 000 and i start pulling my money out for bitcoin around 90 to 95 to 100k i'm gonna be great with that however if that were to be the top and it were to drop back down to 10k that regret would be much higher than the regret of cashing out and it's still running it no one times the top of the market you know it's better than anybody nobody times it perfect no way time's the bottom perfect you only try to get as close to you you know as you can so if we turn out if it turns out to be wrong we're not cashing out 100 we're looking at probably 80 with the goal of buying back in you know still ultimately being extremely over leveraged in crypto uh then we're just going to try to time the market and if we get it exactly wrong the remaining amount that we have would still go up a good bit and we would get gains on that then we got fresh money sitting to the side because it will go down lower i believe the prices next year at this time will be lower than they are right now pretty much across the board so i believe we are heading towards a significant uh bear market i know in the next uh part of this interview we're gonna be talking about altcoins and some of the potential uh that you see in coins like cardano and xrp so everybody make sure to stay tuned uh for that we'll be out that will be out uh tomorrow so ralph thanks for joining us here for part one we'll see in a few moments all the audience drop your comments down below and let me know what you think what is your private taking strategy what do you believe about bitcoin versus ethereum when will ethereum pass bitcoin of ever and are you a toxic maxi if so drop a dislike button down below that's all i got be blessed if you want to understand the future of everything then understanding digital assets is the key that's why real vision launched real vision crypto the world's premier cryptocurrency and digital assets video channel right now real vision crypto is helping more than a hundred thousand members understand the biggest wealth creation 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Channel: Discover Crypto

Views: 324,928

Keywords: ethereum vs bitcoin, crypto, bitboy, ETH, Bitcoin, BTC, NFT, Ethereum, Cardano, ADA, Raoul Pal, Real Vision, ethereum price prediction, ethereum bull run, ethereum news, crypto news today

Id: hMVC43ABs3M

Length: 18min 44sec (1124 seconds)

Published: Mon Aug 30 2021