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Bitcoin Price to Reach $1 Million in 2025, Raoul Pal Adds One More Zero to His BTC Prediction

Bitcoin has seen a slight uptrend recently, after Square’s $50 million investment in Bitcoin, and the cryptocurrency surviving above $10,000 in September. Positive sentiment remains as Bitcoin managed to surge above $11,000 recently. BTC is currently trading at $11,445 at press time, up by 7.9 percent in the past week.

Bitcoin has maintained a long-term bullish trend and could continue to reach new highs. Cryptocurrency experts such as John McAfee previously said that Bitcoin could easily reach $1 million dollars by the end of 2020. Although the $1 million mark may seem unrealistic now, Bitcoin could reach this threshold with more time.

Raoul Pal, the CEO of Real Vision Group, and a wall street veteran believes that Bitcoin could hit $1 million by 2025, according to his model. His prediction was backed by regression on a log chart since Bitcoin’s inception, allowing him to analyze the Bitcoin price projection based on its past performance. He tweeted:

“I just used the regression on the log chart since inception, $1m would be 2 S.D’s. oversold by 2025. I assume regression on log charts is probably a math crime but its just contextual.”

As Bitcoin experiences halving every four years, where the rewards for mining Bitcoin are halved, could also take the cryptocurrency’s bullish momentum even higher.

Raoul Pal was also the former head of sales at Goldman Sachs’ hedge fund and has been bullish on the world’s largest cryptocurrency as soon as he realized Bitcoin’s potential. He previously also said that he believes that Bitcoin will be the best performing asset in the next two years.

Although Bitcoin’s price has not pushed past the $12,000 mark, he previously mentioned that Bitcoin could rally to $100,000, and even $1 million, which he reasserted recently.

Bloomberg’s latest report also predicted that Bitcoin could reach $100,000 in 2025, saying that Bitcoin has a history of adding zeros to its price.

Plan B’s stock-to-flow valuation model of Bitcoin also puts BTC price at $1 million. Fidelity Digital Assets, the investment bank’s crypto arm also validated Plan B’s stock-to-flow model. The company examined ways that could attract investors to Bitcoin as an investment and noted that Bitcoin is increasingly integrated into traditional investment portfolios.

The firm believes that Bitcoin as a store of value is an innate and important feature of the cryptocurrency, as its scarcity was built into the protocol from the start. With the recent report with anticipation of Bitcoin being valued at $1 million and the filing of the fund, institutional investment in Bitcoin could see massive growth this year.

Bitcoin is the Greatest Investment Ever Found, says Raoul Pal, as BTC Price Nears Highest Ever Monthly Close

Bitcoin gained around $1,500 in a week, prompting mixed projections on the cryptocurrency’s future by many analysts. Bitcoin surpassed its previous resistance level at $12,000 over a week ago, and $13,000 seems to be a support level for the cryptocurrency. Analysts argue that Bitcoin could soon head towards $16,000 if the $14,000 is secured.

Bitcoin close to setting a new high for its monthly close

Bitcoin has traded above $13,852 for the first time since January 2018, the highest level seen since then. Peter Brandt recently published a bullish Bitcoin tweet, saying that Bitcoin could see its highest monthly close in the cryptocurrency’s history. Brandt tweeted while pointing to the graph below:

“There is a possibility that Bitcoin $BTC could register its highest monthly closing price EVER. A few days and a few hundred dollars away.”

Crypto analyst Josh Rager also tweeted in anticipation of Bitcoin’s upcoming monthly close, while pointing to the graph below:

“$BTC. You can’t look at the current monthly chart for Bitcoin without smiling. Open skies overhead for Bitcoin as it’s near to break the all-time high for monthly close at $13,880. If I’m on the outside looking in, this chart is a positive sign with new monthly high potential.”

A crypto trader recently highlighted that a move towards surpassing $14,000 in the near term is likely. The trader tweeted:

“OKEx futures order book asks being pulled/executed at market in last few days as BTC consolidates. A move above $14, in near term is increasing in probability.”

Raoul Pal: Bitcoin is eating the world

Wall Street veteran and CEO of Real Vision Group Raoul Pal said that Bitcoin is eating the world, and that it has become a “supermassive black hole that is sucking in everything around it and destroying it. He added, “This narrative is only going to grow over the next 18 months.”

He highlighted that the current gold investors are soon going to turn to Bitcoin, as gold is breaking down, versus Bitcoin, which is surging despite the Wall Street market sell-off seen today. Raoul Pal explained in a series of tweets that other assets, including precious metals are now “dead in the water.” He said:

“The supermassive black hole is going to suck in everything. Again, this is there best trade/investment and future opportunity I have EVER found and it has the power to give the little guy a chance to grab their share of the wealth creation before Wall Street does. Grab it.”

As Bitcoin gains more dominance in the crypto market, Raoul Pal concluded that he does not see any point in holding any other assets, as he has not seen ever in his career a trade so dominant.

Wall Street Veteran Goes All-In on Bitcoin and Ditches Gold Just as BTC Reaches its All-Time High

Bitcoin has recently reached its all-time high price at over $19,800, and has now retraced slightly and is trading at $19,394 at press time according to CoinMarketCap. Two prominent figures in the industry have recently revealed their investment in Bitcoin and their reiterated sentiment towards the digital asset.

Raoul Pal, a Wall Street veteran has been a firm believer in Bitcoin for a while, and has even said that “Bitcoin is eating the world.” His comments also came at a time after many institutions have started to adopt Bitcoin, including MicroStrategy, Square, and PayPal. Raoul Pal, also the CEO of Real Vision Group commented that the current gold investors are going to turn to Bitcoin soon, as gold is breaking down versus Bitcoin. Many investors have turned to safe haven assets like gold in 2020, due to the COVID-19 pandemic.

Pal added that Bitcoin has become a “supermassive black hole that is sucking in everything around it and destroying it,” and he said that this narrative is only going to grow in the next 18 months. The Real Vision Group CEO said that other assets, including precious metals, are “dead in the water.”

Raoul Pal recently backed up his claims and beliefs by dropping a bomb on Twitter recently, saying that he was going to sell all his gold and in exchange, buy Bitcoin and Ethereum. The Wall Street veteran added that he does not own many other assets, except bond calls and some cash. He announced that he is placing 98 percent of his liquid net worth in the two cryptocurrencies. His tweet read:

“Ok, last bomb – I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I don’t own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except #irresponsiblylong Good night all.”

This also comes at a time where Bitcoin has recently reached its all-time high, but Ethereum still has over 100% to surpass its all-time high recorded in early 2018.

Peter Brandt, a well-known seasoned trader, has recently revealed that Bitcoin has taken up the largest portion of his investments, apart from real estate. The trader said:

“Apart from real estate, BTC is my single biggest position as a % of assets, but nothing close to the commitment Raoul has made.”

Going all in on Bitcoin may not be everyone’s cup of tea, but some notable investors have also invested in the cryptocurrency, although not quite the portion of what Raoul Pal distributed to cryptocurrencies. Billionaire Stanley Druckenmiller has also recently revealed that he owns a bit of Bitcoin, but still not as much as the amount of gold he holds.

Ethereum Could be Bigger Than Bitcoin by Market Cap in 10 Years, says Raoul Pal

Bitcoin has recently suffered a correction, taking a 2.5 percent dive in the past 24 hours to its current price, which is trading at $17,895. Bitcoin has plunged 8 percent in the past week, taking its price under the $18,000 mark.

As selling pressure increased, the world’s cryptocurrency is not the only digital asset which suffered a blow, as Ethereum and other large-cap altcoins also dropped rapidly. Ethereum (ETH) suffered a 3.3% drop in the past 24 hours, Litecoin (LTC) plunged 5.1%, Cardano dropped 4.8%, and Stellar Lumens (XLM) plunged 6.8%.

Raoul Pal, the CEO of Real Vision, who has been a long-time Bitcoin bull, recently took it to Twitter to explain the opportunities the crypto market has in store. Pal said:

“If bitcoin is the digital pristine collateral, the size of global gov bond market is $123trn. Pretty amazing opportunity for bitcoin.”

He added, “The size of the global custody system is $23 trn. That will accrue to bitcoin and more likely maybe ETH.”

He explained that as the settlement layer is over $4 quadrillion per annum, which most likely includes Bitcoin, Ethereum, and other blockchains, including those that are private. The derivatives market is mostly dominated by Bitcoin and Ethereum, which is another $1.2 quadrillion.

He highlighted that many have overlooked the size of the financial markets, which could mean tons of opportunities for cryptocurrencies. He explained that there is not one blockchain that would take over the world, but because each blockchain has advantages and drawbacks, different digital assets, tokens, and protocols would tie all of the value together. Raoul Pal explained:

“It is never ever going to be winner takes all. It is near impossible as each blockchain has its limitations and trade offs and that suits the complexity of the financial world.”

He further explained:

“The future is a super network of blockchains with the most pristine being bitcoin and the risk curve moves out from there. Any other outcome accruing to one winner is nothing but false hopes and dreams.”

Ethereum might be bigger by market cap than Bitcoin in 10 years

Raoul Pal has previously made predictions of Bitcoin’s price, saying that BTC’s price could reach $1 million in 2025. His prediction was backed by regression on a log chart, citing way back from when Bitcoin was created, which allowed him to analyze the cryptocurrency’s price projection based on its past performance.

Although Pal still believes that Bitcoin is the perfect collateral layer, he believes Ethereum may overtake Bitcoin by market cap in 10 years. He explained that this is due to the fact that Ethereum acts in many different parts of the global ecosystem, including global supply chains, the tokenization of assets from real estate to intellectual property rights, non-governmental debt, and tokens from equities, amongst other industries. He concluded:

“Money and collateral is just the base layer. Everything builds on top. The store of value is collateral, the trust layer and exchange of value is bigger.”

Raoul Pal Predicts that Ethereum Will Hit $20K by the End of the Year, as ETH Smashes a New All-Time High

Ethereum’s surge to hit a new all-time high (ATH) of $1,689 has shaken the entire crypto space, with investors impressed with the performance of the second-largest cryptocurrency by market capitalization. In tandem with the new milestone, investment strategist and the CEO of Real Vision Group Raoul Paul has predicted that Ethereum (ETH) will grow further and reach a price level of more than $20,000 by the end of the year.

As reported by Blockchain.News, Ethereum has soared by more than 1,700% since March 2020, when it was trading at about $100 per Ether coin. The growth of Ethereum this year has been quite impressive as its rate of gain has remarkably beaten that of Bitcoin. According to Pal, while Ethereum has recorded about a 126% year-to-date increase, Bitcoin can only boast of a gain of around 30%.

Pal noted:

“ETH is up 126% YTD. It’s Feb 3rd, FFS! I still expect it to hit $20k by around the turn of the year.”

Pal is not alone on this, as many crypto proponents have largely described Ethereum as a highly undervalued cryptocurrency, at least when compared with Bitcoin. Ethereum has great utility in that it serves as the backbone for most decentralized finance (DeFi) applications and this increases its relevance in the space.

The new price discovery of Ethereum may however be interpreted in two ways. First, Ethereum bulls may be able to push the cryptocurrency’s price high in an effort to increase one’s profits, in which case, the rally may be short-lived. Secondly, the pump may be in response to the trust placed in Ethereum’s potential as it scales new opportunities in DeFi and the blockchain network migrates to Ethereum 2.0.

For what it is worth, however, the growth of Ethereum and its new ATH may be proof that the cryptocurrency’s future is not dependent on that of Bitcoin, and begs the question of whether Ethereum is undergoing a decoupling from Bitcoin.