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Here’s how much $1,000 in Bitcoin will be worth in 2025 if Raoul Pal’s prediction is correct
Here’s how much $1,000 in Bitcoin will be worth in 2025 if Raoul Pal’s prediction is correct
Raoul Pal has extensive experience in financial markets. He was head of European hedge fund sales for equities at Goldman Sachs and a portfolio manager at a hedge fund. Most recently, he launched his own crypto hedge fund, investment research firm, and financial knowledge platform. His opinion on crypto is loved all over the world and he constantly sends market news to his 1 million followers on.
Pal considered many factors to arrive at his prediction that Bitcoin will reach $1 million by 2025.
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He notes that Bitcoin has grown exponentially, highlighting the trend on a logarithmic chart. The trend is similar to the 2016-2017 bull market, with large amounts of capital flowing in and a halving supporting the price rise.
Pal added that the Bitcoin halving, expected this week, could propel prices. In 2016 and 2020, the halving served as a dividing line between small gains/consolidation and huge growths. In particular, the price of Bitcoin rose from around $800 just before the halving to a high of over $20,000 in 2016; the price rose from around $10,000 before the 2020 halving to a high of almost $70,000. The halving could have a huge impact on the price if the Bitcoin market cycle continues to lead the market.
If you are interested in the Bitcoin market cycle, check out a in-depth analysis of the trend and if it is real.
Pal also highlighted the collapse of several major banks last year. Banks, such as Silicon Valley Bank (SVB) and First Republic Bank, failed due to poor management. Pal said collapsed banks strengthen the case for institutional adoption of Bitcoin because the crypto is decentralized and secured by blockchain technology.
Finally, Pal sees the Spot Bitcoin exchange-traded funds (ETFs) as a huge growth engine in the future. ETFs have enabled many new investors to purchase Bitcoin through the funds, which have been the most successful in ETF history. New buyers helped drive the price of Bitcoin higher, reaching all-time highs (ATH) in March.
“There’s a huge wall of money coming in (Bitcoin),” Pal said in October 2020. “It’s a huge wall of money, but the pipes aren’t there yet to allow people to do it , and it happens, but it’s on everyone’s radar screen, and a lot of smart people work on it.”
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THE Bitcoin ETF have since provided the means for some of these institutions to invest in BTC.
Pal estimates that Bitcoin could reach $1 million by 2025. Currently, $1,000 is worth approximately 0.0155 BTC. If BTC were to reach $1 million, 0.0155 Bitcoin would be worth $15,500. This would mark a return of 1,450%.
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