- Bitcoin price can hit $1 million inside two years
- Crypto market cap can exceed $100 trillion
- The coming financial crash is “literally what Bitcoin was invented for”
Raoul Pal, founder and CEO of Real Vision Group, has claimed that gold and Bitcoin are “the only answers that make any sense” to a slowly collapsing financial system. In a recent edition of The Unfolding, the monthly financial newsletter from Pal’s financial research group Global Macro Investor, he describes a future that involves “a long, drawn-out bleed” of the current financial architecture, with Bitcoin representing “the call option on the future system.”
Bitcoin Market Cap Can Hit $10 Trillion
Pal echoes the bold claim made by many in the past that Bitcoin can reach $1 million within the next 3-5 years, fueled by a failing dollar. This would see its market cap rise from $200 billion to a staggering $10 trillion, echoing the sentiments of Gemini founders Tyler and Cameron Winklevoss who have previously claimed that Bitcoin will eventually surpass gold’s market cap, which currently stands at between $9 trillion ($15 trillion including ‘paper’ gold).
Explaining how the entire cryptocurrency market can itself be at least a $100 trillion financial system, Pal explains why Bitcoin deserves its place at the head of the table:
Pal adds that Bitcoin was “born out of the financial crisis for exactly what is about to come in this crisis”, signing off with the conclusion that “this is literally what Bitcoin was invented for.”
“Spectacular” Bitcoin Chart Could Hit $1 Million in Two Years
In terms of price, Pal claims that the long term chart is “spectacular” and that the original cryptocurrency can hit $100,000 in the next two years alone, something that we at FullyCrypto completely agree with.
To add fuel to the moonboy fire he adds that it could even go to $1 million in the same time period, using the following chart to flesh out his example:
As a caveat, Pal says that the price may drop first, but that this is “good”:
Amen to that brother, amen.
