‘Wall of money will send bitcoin to $1 million’

Bitcoin will soar to a mind-boggling $1 million by 2025, predicts Real Vision founder and CEO Raoul Pal.

In an interview with Stansberry Research, the former Goldman Sachs hedge fund manager said an “enormous wall of money” will flow into the leading crypto over the next half decade.

He told host Daniela Cambone: “I think it’s going to be not because the world’s collapsing; it’s because there’s going to be adoption by the real large pools of capital.

“We’re going to go through two of these halving cycles, and just from what I know from all of the institutions, all of the people I speak to, there is an enormous wall of money coming into this. It’s an enormous wall of money, just the pipes aren’t there to allow people to do it yet, and that’s coming, but it’s on everyone’s radar screen and there are a lot of smart people working on it[.]”

Bitcoin’s third halving cycle began in May 2020 and will continue for about four years. If bitcoin’s price action mirrors that of past halvings, it will dramatically rise in value. In the last cycle, it soared from $1,000 to $20,000 before sharply correcting. Its price at the time of writing (12.10 am in Hong Kong) was $11,332, according to CoinMarketCap.

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