Raoul Pal, co-founder and CEO of the Real Vision Group, believes that the Bitcoin price will experience a massive upswing in the next few years. BTC is, in his opinion, a “supermassive black hole” that will devour gold, NASDAQ, banks, bonds and commodities.
You can find out here and now which price target he considers realistic within which period and how he justifies his Bitcoin price forecast.
Bitcoin price of $ 1 million due to absolute dominance of BTC
The global macro strategist thinks that he thinks Bitcoin investor will also outperform the G4 central banks, silver and leading companies like Apple and Amazon. This would of course have an extremely positive effect on the Bitcoin course. He tweeted :
Bitcoin’s performance is SO dominant and SO all-encompassing that it will soak up and spit out every single narrative of other assets. Never before in my career have I seen a trade so dominant that it makes almost no sense to hold other assets.
Pal predicts that the Bitcoin price will reach $ 1 million within five years. The former hedge fund manager at Goldman Sachs believes Bitcoin is the best chance of his career.
I understand that sounds a little evangelical, but I am struggling to see it differently at the moment. The supermassive black hole will suck it all up. Again, this is the best trade / investment and future opportunity I EVER found and it has the power to give that little guy a chance to do his part in creating wealth before it hits Wall Street does. Reach for it.
Read also: According to this indicator, Ethereum price could rise 35% or more against Bitcoin
Diversify your portfolio with Bitcoin, Ethereum, stocks, commodities and indices
Are you looking for a trustworthy platform on which you can invest in leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), IOTA and others while diversifying your portfolio?
Then our test winner eToro is the right place to go for you. Here you can invest in various assets or actively trade them as CFDs. CFDs have the advantage of building long and short positions with leverage.
EToro offers a wide range of different investment opportunities. It doesn’t matter whether you want to invest in stocks, cryptocurrencies, commodities such as gold and silver, indices or forex. The multiple award-winning broker offers a wide range of different assets for trading and, through the integrated web trader, gives you a large selection of indicators and tools to analyze the chart individually.
The Popular Investor Program also gives you the opportunity to follow other successful traders on the platform with a click of the mouse. Let one or more traders manage your portfolio with a convincing performance.