Raoul Pal, co-founder and CEO of Real Vision Group, believes that the Bitcoin course will experience a massive upswing in the coming years.
In his opinion, BTC is a „supermassive black hole“ that will swallow gold, the NASDAQ, banks, bonds and commodities.
Which price target he considers realistic within which time frame and how he justifies his Bitcoin price forecast, you can find out here and now.
Bitcoin price of $1 million through absolute dominance of BTC
The global macro strategist thinks that Bitcoin will, in his opinion, also outperform the balance sheets of the G4 central banks, silver and leading companies such as Apple and Amazon in their ratings. This would of course have an extremely positive effect on the Bitcoin share price. He twittered:
The performance of Bitcoin is SO dominant and SO all-encompassing that it will suck 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 of Goldman Sachs considers Bitcoin the best opportunity of his career.
I understand that this sounds a bit evangelical, but I am having trouble seeing it differently right now. The supermassive black hole will suck everything in. Once again, this is the best trading/investment and future opportunity I have EVER found, and it has the power to give the little guy a chance to grab his share of wealth creation before Wall Street does. Reach for it.
Diversify your portfolio with Bitcoin, Ethereum, stocks, commodities and indices
Are you looking for a trustworthy platform where you can invest in leading crypto currencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), IOTA and others while diversifying your portfolio?
Then our test winner eToro is the right place 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. No matter if you want to invest in stocks, crypto currencies, commodities like gold and silver, indices or currencies. The multiple award-winning broker offers a wide range of different assets to trade and gives you a wide selection of indicators and tools to analyze the chart individually with the integrated web trader.
The Popular Investor Program also gives you the opportunity to follow other successful traders on the platform at the click of a mouse. Let your portfolio be managed by one or more traders with a convincing performance.