Enormous wall of money’ will send #Bitcoin to $1M in 2025 — Source: Cointelegraph
The largest cryptocurrency will “massively outperform gold” before that, says the Real Vision founder.
In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall of money” would flow into the cryptocurrency over the next few years.
Pal: Bitcoin in line for “enormous” capital inflows
“I think that’s about right, whether it’s five years, six years,” he said when asked about the $1 million target.
“Why would I have a gold allocation?”
Pal also revealed that he would be looking to sell his gold investments and convert them to Bitcoin due to the latter’s superior performance.
Despite not “disliking” gold and remaining invested in both assets for the time being, the future was unequivocally skewed in Bitcoin’s favor, he said.
“...When you get to the macro opportunity, when it’s all happening — Bitcoin starts breaking out of these patterns that it’s been forming, it is going to massively outperform gold, I’m 100% sure of that. In which case why would I have a gold allocation?”
The largest cryptocurrency will “massively outperform gold” before that, says the Real Vision founder.
In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall of money” would flow into the cryptocurrency over the next few years.
Pal: Bitcoin in line for “enormous” capital inflows
“I think that’s about right, whether it’s five years, six years,” he said when asked about the $1 million target.
“Why would I have a gold allocation?”
Pal also revealed that he would be looking to sell his gold investments and convert them to Bitcoin due to the latter’s superior performance.
Despite not “disliking” gold and remaining invested in both assets for the time being, the future was unequivocally skewed in Bitcoin’s favor, he said.
“...When you get to the macro opportunity, when it’s all happening — Bitcoin starts breaking out of these patterns that it’s been forming, it is going to massively outperform gold, I’m 100% sure of that. In which case why would I have a gold allocation?”