# Raoul Pal Highlights Ethereum's Underlying Network Value as Crypto Trading Near $2,421

- URL: https://stocks.freetheai.org/news/raoul-pal-highlights-ethereum-s-underlying-network-value-as-crypto-trading-near-8705cf
- Published: 2026-10-16T21:59:23Z
- Category: crypto; sentiment: bullish; impact: medium
- Symbols: [BITSTAMP:ETHUSD](https://stocks.freetheai.org/symbols/BITSTAMP-ETHUSD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Real Vision Chief Executive Officer Raoul Pal called Ethereum (BITSTAMP:ETHUSD) significantly undervalued relative to its broader network footprint. Speaking on a podcast, Pal noted that while he holds Bitcoin, Solana, Sui, and Zcash, Ethereum carries substantial value due to its infrastructure role. Ethereum traded at $2,421, down 0.72% for the session.

Pal emphasized Ethereum's dominance by outlining a hypothetical outage scenario. A complete network halt, he calculated, would knock out 70% to 76% of stablecoins and decentralized finance protocols, alongside severe disruptions to tokenized real-world assets, digital art, and Layer-2 scaling networks. He estimated the aggregate value at risk between $1 trillion and $1.5 trillion. Pal adheres to a strategy of purchasing assets when prices drop two standard deviations below long-term trends and holding through market cycles.

Looking ahead, Pal foresees interest rate cuts and renewed capital spending redirecting global liquidity back into cryptocurrency, following a period where capital focused on artificial intelligence infrastructure. He projects stablecoin supply could grow to $1 trillion over the next three to four years. Market participants will monitor central bank policy moves and broader liquidity metrics to see if capital shifts back toward blockchain assets.

## Key points

- Real Vision CEO Raoul Pal called Ethereum undervalued due to its central role in stablecoins and decentralized finance.
- Pal estimated that an Ethereum network outage would knock out 70% to 76% of stablecoins and eliminate $1 trillion to $1.5 trillion in value.
- In addition to Ethereum, Pal continues to hold Bitcoin, Solana, Sui, and Zcash as part of a long-term trend investment strategy.
- Pal anticipates potential interest rate cuts and capital spending could redirect liquidity toward crypto assets and boost stablecoin growth.

## Questions and answers

### Why does Raoul Pal consider Ethereum undervalued?

Pal believes markets misprice Ethereum given that an outage would freeze 70% to 76% of stablecoins and decentralized finance, wiping out between $1 trillion and $1.5 trillion in economic value.

### Which crypto assets does Raoul Pal currently hold?

Pal holds Bitcoin, Solana, Sui, Zcash, and Ethereum.

### What factors could drive future liquidity back into crypto markets?

Pal expects potential central bank interest rate cuts and renewed corporate capital spending to shift liquidity back into crypto after capital previously flowed heavily into artificial intelligence infrastructure.