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Macro guru and Real Vision CEO Raoul Pal says the Bitcoin and crypto markets could be on the verge of exponential growth as the space sees lightning-fast adoption.
“Right now, it’s a $2.5 trillion asset class. Most of the major asset classes around the world, equities, bonds, real estate, are between $150 trillion and $350 trillion, so I think this goes to $200 trillion in the next 10 years, so that’s a 100x for an asset class.
Mankind has never seen that before, so it’s an opportunity for everybody because everybody can own 10% of their assets in this – everybody – the richest and the poorest.”
In other trending BTC News today: Here’s Why Bitcoin Will Not Go to $100,000 This Year, According to Crypto Analyst Nicholas Merten!
Crypto analyst Nicholas Merten says that while he’s bullish on Bitcoin, predictions of BTC going to $100,000 this year are likely overly optimistic.
“There’s no way we are going to a $100,000 or $150,000 in Q4 of this year or Q1 of next year. I’m sorry. I’m going to have to say it because I think a lot of the analysts are getting this wrong…
If we’re talking about the perspective of going to $3 or $4 trillion (market cap), around that $150,000 to $200,000 range, it’s going to take a lot of liquidity, and along with that as well, some time to get there. And that’s why we have our expectation of a cycle top coming in November of 2022, far-out than probably 90-95% of market projections.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3kGduBk
✔ VanEck Bitcoin Futures ETF: https://bit.ly/3HkP7CO
✔ Raoul Pal 100X Prediction: https://bit.ly/30r0k4i
✔ Bitcoin Not Going To $100K This Year: https://bit.ly/3nh9CIz
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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