Raoul Pal Thinks the Bitcoin Price Will Be $100,000 or even $1,000,000
One fund manager thinks Bitcoin could be worth $1,000,000 USD after some envelope-back analysis from "a while ago." Former Global Macro Investor Group manager Raoul Pal has been predicting Bitcoin's price based on a comparison with gold for over a year now. Despite asserting that Bitcoin could be worth $100,000 or $1,000,000 each, Pal still only suggests that users follow the old adage: Only invest what you can afford to lose. Pal has been saying the same thing about Bitcoin since before its most recent price spike. Last year, Pal sent a newsletter to the Global Macro Investor Group with a....
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Bitcoin has undergone yet another strong rally to the upside over the past day, reaching highs of $13,850. Analysts believe the coin will continue higher in the days and weeks ahead. Raoul Pal, for instance, said that BTC could hit new all-time highs by Q1 of 2021 “at the latest.” This optimism was echoed by Tyler Winklevoss, co-founder of Gemini. Bitcoin Will Pass $20k in Q1 2021, Analyst Says Bitcoin has undergone yet another strong […]
Macro strategist Raoul Pal says the price of bitcoin will reach $1 million in five years. He attributes the price increase to adoption by large pools of investors and the “enormous wall of money” coming into bitcoin, rather than because “the world is collapsing.” $1 Million Bitcoin in 5 Years Former hedge fund manager Raoul Pal shared his view on the economy, gold, and bitcoin last week in a podcast interview with Daniela Cambone of Stansberry Research. Pal previously co-managed the GLG Global Macro Fund in London after departing Goldman Sachs where he co-managed....
“I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100x from here,” said Raoul Pal. Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade. At the time of writing, the total market cap of the global crypto sector stands at $2.2 trillion, and Pal told podcast Bankless Brasil “there’s a reasonable chance” this figure could grow to around $250 trillion if the crypto network adoption models continue on their current trajectory. Pal drew comparisons between the....
Real Vision’s Raoul Pal believes that altcoins with an active ecosystem of devs and apps will likely beat out Bitcoin over time. Real Vision co-founder and CEO Raoul Pal has sparked a spirited debate after predicting that Ethereum and other coins with "network effects" will outperform Bitcoin over time.Pal shared a chart of Ether’s price relative to BTC since Aug. 7, 2015 — six years after Bitcoin was created — showing that “ETH has outperformed BTC by 250%.”Fascinating to see that since inception ETH has outperformed BTC by 250%. It only fell below its initial price in BTC for the first....
In an exclusive interview with Cointelegraph, macro investor Raoul Pal analyzes the macro factors that are keeping the crypto markets under pressure and the triggers that could spark the next Bitcoin rally. Macro investor Raoul Pal is convinced that the current crypto bear market will end only once the Fed eases its hawkish monetary policy by halting interest rate hikes. That could happen in the next couple of months, according to Pal's predictions. “The Fed are unlikely to raise rates as far and as fast as people expect. My guess is they probably stop raising rates sometime in the summer....