Real Vision Finance co-founder Raoul Pal says a previously unbelievable price tag on Bitcoin could be in the cards for this bull cycle.
In an interview with Peter McCormack on the What Bitcoin Did podcast, the former Goldman Sachs executive says that the seven-figure mark is his peak bull cycle target for the flagship cryptocurrency if the BTC chart goes parabolic to the extent it has in previous cycles.
“I just use the regression line and used the trend of the [logarithmic] scale, and basically it says somewhere between PlanB’s [stock-to-flow model prediction] and $400,000 is right, but it could actually hyperextend to get as high as it did from the trend in 2013 which would give us $1 million. So I think it’s skewed slightly higher than people expect so I don’t think it gets to $1 million but we’ve got institutions coming in, who knows how this dynamic changes.”
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Raoul Pal Updated Bitcoin Price Prediction: Here’s Why Bitcoin Could Hit THIS Mark In This Cycle
Raoul Pal leads Real Vision to provide unparalleled access to the very best insights and analysis from the brightest financial minds. He prides himself on being a Business Cycle Economist, Investment Strategist, and Economic Historian.
0:00- Bitcoin: The Biggest Hedge Fond in the World
1:08- Transparency on Bitcoin
2:43- How investors see Bitcoin
4:20- Bitcoin Reaching $1 Trillion Market Cap
4:59- What’s holding People from Bitcoin?
7:02-Insurance Companies are into Bitcoin
#Bitcoin #RaoulPal #BTC #BitcoinPrice #FinancialEducation #WealthyValue
Full interview (Credits): What Traditional Investors Think of Bitcoin with Raoul Pal
Real Vision Finance
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