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Real Vision CEO and macro guru Raoul Pal thinks Bitcoin (BTC) and the overall Crypto market cap still has a gigantic amount of room to grow.
Pal notes that most major asset classes, including equities, bonds, and real estate, sit within the $150-300 trillion range. The former Goldman Sachs executive thinks the crypto market cap will surge by 100x to match those other sectors.
“I think a roughly fair value to fit in with the other asset classes is $200 trillion. So it’s 100x. We’ve never had an asset do 100x of that kind of magnitude in all recorded history.
We’ve never seen it before, none of us have lived through this. So this is, I think, going to be the largest generation of wealth that the world has seen in the shortest period of time.”
In other trending Bitcoin news today: Billionaire Reveals His Huge Bitcoin Bet – And Predicts The Bitcoin Price Will Climb As It Replaces Gold!
Billionaire investor Chamath Palihapitiya has revealed he’s poured “hundreds of millions” into Bitcoin and predicts the BTC price will continue to climb as it replaces gold.
Palihapitiya has previously predicted bitcoin could climb as high as $200,000 per bitcoin one day—a price that would give bitcoin a market capitalization of around $4 trillion.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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