BTC$68 622.46


ETH$3 762.98




Binance Coin




USD Coin


NFTs will act as high-end property during boom cycles

22 Feb 2023


The former hedge fund manager says that top-tier NFTs essentially serve as status symbols and should see significant upside during crypto boom cycles. Real Vision CEO and co-founder Raoul Pal believes nonfungible tokens (NFTs) will act similar to “high-end property” in the traditional economy, outperforming Ether during crypto market boom cycles. In an hour-long YouTube video published on Feb. 20, the former JPMorgan executive offered a run-down of what he felt most bullish about when it came to NFTs, including key use cases for the asset class, its underlying tech and its potential performance relative to Ether.

Pal said just as “high-end property” often outperforms the market when the “economy recovers,” the same is likely to occur with certain NFTs during crypto boom cycles. “So I can take my ETH and put it into a JPEG, an NFT. But why? Well, because much like high-end property and think of a [Crypto]Punk as a high-end property in London or New York or Hong Kong or wherever it is, when the economy starts booming and people have more money, they tend to buy expensive high-end property.” “And it tends to outperform the rest of the market. And I think the same thing will happen in ETH economy,” he added.

He highlighted that major collections such as CryptoPunks and the Bored Ape Yacht Club (BAYC) have become status symbols in the crypto community, much like owning a luxury house, car, or item from a famous brand that offers access to exclusive clubs or what he dubbed as “mini network-states.” He saidthat NFTs serve as a “way of owning property in the ETH economy,” adding: “Humans are ridiculous and we love to socially signal stuff.”

Looking back, the former hedge fund manager said NFTs started to draw his attention in 2022 as he started to “understand the power of what they are and what they can do,” such as being able to transfer “value” via blockchains and automated smart contracts. He also pointed to NFTs’ uses in the resolution of contracts, noting that blockchain-based ledgers can offer verifiable transparency on what has been agreed between people, while smart contracts can essentially do away with unnecessary third parties.

“Now what's interesting about the smart contract element of an NFT is the fact that it kind of allows for the settlement mechanism to be automated in code and resolves without the need for a third party so you don't need the courts, the lawyers, the notaries and the accountants.”

Pal stated that since he got into NFTs, he’s allocated roughly 10% of his ETH holdings into “premium NFTs” such as CryptoPunks and BAYC NFT. He suggested that such collections potentially offer more upside potential than downside risk, as they have managed to sustain a decent level of value during the bear market. He also believes the price of ETH is likely to increase moving forward.

“When you look at the price of CryptoPunks and Bored Apes, they’ve remained incredibly stable in ETH terms. Yes, they had a blow-off top and they came back and they’ve traded about 65 ETH forever. And that’s interesting to me because they didn’t fall much further. They had a sharp spike in June in the big crypto collapse. But other than that, they’ve just rallied back and stayed at 65 ETH. So whatever ETH does, they’re just mirroring it,” he said.


Crypto may be ready for a new leg down
Crypto may be ready for a new leg down
Cryptocurrencies wait for a signal
Cryptocurrencies wait for a signal
What are dynamic NFTs?: Use cases and examples
What are dynamic NFTs?: Use cases and examples
Shanghai Upgrade Fires Up ETH and Altcoins
Shanghai Upgrade Fires Up ETH and Altcoins
Challenges of data accessibility in the NFT market
Challenges of data accessibility in the NFT market
Is the A.I. revolution about to pump Nvidia stocks?
Is the A.I. revolution about to pump Nvidia stocks?
Five tips for investing during a global recession
Five tips for investing during a global recession
What is NFT ticketing and how does it work?
What is NFT ticketing and how does it work?
The crypto market is cheaper than a trillion again
The crypto market is cheaper than a trillion again

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.8% 49 $68 622.46 1.24% 0.74% $1 352 244 970 263 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.8% 83 $3 762.98 -1.36% -1.61% $452 083 033 581 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999559 0.04% 0.01% $111 914 379 929 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 6 $596.61 -0.17% 0.68% $88 050 989 954 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 66.4% 76 $168.14 -0.27% -1.52% $77 280 895 051 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000143 0.02% 0.03% $32 201 625 416 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.4% 6 $0.523086 -1.19% -0.39% $28 994 915 330 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 72% 57 $0.161771 -1.91% 2.26% $23 376 533 651 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 85.2% 20 $0.450920 -1.89% -3.28% $16 097 047 218 ADA 7 days price change
10 SHIBA INU (SHIB) SHIB SHIBA INU predictions 78.8% 43 $0.000027 -1.69% 10.35% $15 773 784 154 SHIB 7 days price change
11 Toncoin (TON) TON Toncoin predictions 70.8% 56 $6.51 0.46% 3.89% $15 688 017 839 TON 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 74% 52 $36.79 -0.26% -3.62% $14 458 940 999 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 59.6% 88 $18.36 -3.51% 15.15% $10 780 432 071 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 72.4% 50 $68 415.57 0.91% 0.44% $10 636 328 083 WBTC 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.