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27 October 2020

Raoul Pal: Bitcoin Will Reach $1 Million in a Few Years | Live Bitcoin News

Raoul Pal: Bitcoin Will Reach $1 Million in a Few Years | Live Bitcoin News


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Goldman Sachs hasn’t always been kind to bitcoin, but according to a former Goldman Sachs hedge fund manager – Raoul Pal – the price of bitcoin is likely to skyrocket relatively soon, and he predicts a $1 million price for bitcoin in about five years.

Not only did this not happen, but bitcoin has been hit with more volatility this year than arguably any other point in time, with the price falling down into the high $3,000 range in late March before striking its current $11,300 price.

Naturally, this excited many people, but when they logged onto the seminar, it became clear that the enterprise was no fan of BTC, and it spent the next hour or two talking about why BTC was a useless asset and why people should not be investing in it.

In a recent interview with Stansberry Research, he commented that bitcoin is likely to explode in the coming years given that many institutions are now piling tons of money into it, and he doesn’t think this trend is going to stop anytime soon.

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