The founder and CEO of Real Vision Raoul Pal stated in an interview with Stansberry Research that Bitcoin hitting $1 million by 2025 sounds “about right”. He further emphasized that a huge wall of money will merge into the cryptocurrency in a few years.
“I believe it is about right, doesn’t matter if it five or six years,” he noted when asked about the bullish target. According to Pal many institutions and companies are ready to invest in Bitcoin, but “the pipelines” are not in place just yet. However, “it is on everyone’s radar and there are some really smart people working on this task”, he said.
Pal’s views are shared by many analysts and companies working in the analytics field. After the halving Bitcoin went through in May 2020 there was a whole wave of bullish predictions for the future of Bitcoin. “It’s not going to be because of the world collapsing, it’s because huge pools of capital will adopt the cryptocurrency”, Pal stressed.
When asked, Pal also said that he will be looking for a good moment to sell his investments in gold and convert them to Bitcoin, because of the superior potential of the cryptocurrency.
As reported by Stack Funds in the last week, support is ready for a Bitcoin bull run to $15,000 after the November elections in the USA.
