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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 has served as head of European hedge fund sales for equities at Goldman Sachs and as portfolio manager at a hedge fund. Most recently, he started his own crypto hedge fund, investment research firm, and financial knowledge platform. His opinion on cryptocurrency he is loved worldwide and constantly sends market insights to his one million followers on X.
Pal considered many factors to arrive at his prediction Bitcoin will reach $1 million by 2025.
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Note that Bitcoin has seen exponential growth, highlighting the trend on a logarithmic chart. The trend is similar to the 2016-2017 bull market, with large amounts of capital coming in and the halving supporting the price rise.
Pal added that Bitcoin’s halving, expected this week, could push prices. In 2016 and 2020, the halving served as a dividing line between small gains/consolidation and huge amounts of growth. In particular, the price of Bitcoin went from around $800 just before the halving to a high of over $20,000 in 2016; the price went 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 drive the market.
If you are interested in the Bitcoin market cycle, take a look at in-depth analysis of the trend and whether it is real.
Another point Pal made was the collapse of several large banks last year. Banks, such as Silicon Valley Bank (SVB) and First Republic Bank, failed due to mismanagement. Pal said the collapsed banks strengthen the case for institutional adoption of Bitcoin because the cryptocurrency is decentralized and secure blockchain technology.
Finally, Pal sees the spot Bitcoin Exchange Traded Funds (ETFs) as a huge driver for future growth. ETFs have allowed many new investors to purchase Bitcoin through funds, which have been the most successful in the history of ETFs. New buyers helped push 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, just the pipes aren’t there yet to allow people to do it, and that’s coming, but it’s on everyone’s radar screen, and there are a lot of smart people working on it.”
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THE Bitcoin ETFs they have since provided some of these institutions with the means to invest in BTC.
Pal believes Bitcoin could reach $1 million by 2025. As of today, $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 yield of 1,450%.
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This article Here’s how much $1,000 in Bitcoin will be worth in 2025 if Raoul Pal’s prediction is correct originally appeared on Benzinga.com
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