$ 10 Trillion Bitcoin Forecast From Raoul Pal
Raoul Pal, one of the leading traditional financial market analysts, discussed the future of Bitcoin (BTC) in an interview with Max Keiser, another industry-recognized name. Pal previously stated that the leading cryptocurrency could rise to unbelievable unit price levels, such as $ 1 million.
Bitcoin Will Reach a Unit Price of 1 Million Dollars
Stating that it is possible for Bitcoin to reach the total market value of $ 10 trillion and a unit price of $ 1 million, Pal said that BTC has not yet gained its real meaning. Stating that they were interested in the mainstream masses with the bull run of 2017, Pal stated that BTC will not stay with it.
Comparing BTC, which currently has a total market value of approximately $ 175 billion, to a U.S. company, Pal explained that looking at the future of the financial system, it is actually an average company and that BTC has the capacity to reach much higher places.
Stating that if Bitcoin is recognized as a new asset class rather than a niche investment, Pal really thinks that the investments made by names like Paul Tudor Jones are also advancing on this path, indicating that it will reach a total market value of $ 10 trillion.
In addition, the current global economic crisis also increases Bitcoin’s chances of becoming a new asset, according to Pal. According to Pal, everything goes like this, and it will continue to increase its probability of bullish for BTC.