Former CEO of US investment bank Goldman Sachs and self-proclaimed “macro-guru,” Raoul Pal, appears to be fully committed to the upcoming Ethereum (ETH) unite. He believes this merger will have a huge impact on the ether price and that many people continue to underestimate this impact.
Raoul Pal and Ethereum
During the day an interview a few days ago, Pal outlined his expectations for the short- and long-term price of ether. Union is central to Pal’s prediction. According to him, the merger could catapult the price of the ether upwards, but many people are not yet aware of it.
“I think everyone is still underweight in the merger. People will come in during the merge or after the merge, we will have a peak and we will probably have a retreat. Many people will say, ‘See, it’s coming back to the lowest point.’ My guess is that it corrects sideways, does something, gets back in range for a while and then we explode higher. “
He says many investors will likely not get back on the Ethereum boat until the merger has already started. However, after merging, the ethereum price collapse again and then rise again. According to Pal, you should be in position by now. All in all, the macro guru is extreme bullish op ethereum.
“So I’m very bullish right now. We are getting close to overbought in the short term, but I think we have just had a correction and I believe we will go there again. “
The union of Ethereum
It is undoubtedly one of the most anticipated updates in the history of the cryptocurrency industry. Next month it’s finally time. It main network of Ethereum and the so-called Beacon Chain will merge during the merger. The main effect this will have is the aa shift proof of participation (PoS) consent model.
It mining ethereum from then on it will be a thing of the past with a huge drop in energy consumption. Additionally, the issuance of new ether tokens is under review, making Ethereum potentially deflationary. These things combined create a lot of excitement for the union.
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