According to Raoul Pal, the manager of the Real Vision fund, all the players who have already positioned themselves on Bitcoin are weighing very heavily on the supply of new digital gold.
For Pal, the current BTC surge is only the beginning, we will know from 2021 the start of institutional FOMO, which could lead to the price of $ 150k in less than a year.
Indeed, Raoul Pal says that the price of Bitcoin could reach $150k in November 2021. So, according to him, it's a prudent scenario. If the institutional FOMO gets carried away, the $ 250k could well be considered. The 2021 bull run will be very different from 2017 where only individuals had invested. Which is reassuring, because professionals make mistakes less often.
In a previous article, I indicated that Paypal and Square were grabbing the last mined Bitcoins. “I've never seen a market with this supply and demand imbalance before”, Pal said, pointing out the macroeconomic factors that are playing in Bitcoin’s favor.
Despite the vaccine announcements, economies will remain fragile, pushing states to support their money systems, de facto devaluing their fiat. Bitcoin now is a safe value, taking advantage of current monetary stimulus, the effects of which will be felt in the future.
"It's life-changing. No other asset has an upside of 5x, 10x, 20x in a short space of time," he stated.
The full video interview here.
Mx
