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The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal.
“This is a multi-quadrillion dollar world that’s being developed in terms of flow. In terms of the stock market, the bond market, the equities markets – all of these things are two, three, four hundred trillion dollar markets each. Currently the digital asset sector is [$2.26 trillion], so what is it going to be worth? At least 100x from here still, probably 200x maybe even 500x.”
In other trending Bitcoin News today:
Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000
Based on the current NVT price of $47,500, the next major short-term top with an NVT premium of 2 could likely be at or above $95,000 while a potential cycle top, with an NVT premium of 3.5, could be at or above $166,300.
What’s more, a $166,000 price tag may actually be a fairly conservative prediction, according to Woo. The analyst explained that BTC price could also reach as high as $300,000 by December 2021, based on other metrics.
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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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