Raoul Pal sold his gold because ‘bitcoin is eating the world’; $300k price in 18 months (Pt. 2/2)

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Watch part 1 of the interview:

Bitcoin is like a call option to the emergence of cryptocurrencies in the world, said Raoul Pal, CEO of Real Vision.

“I’ve never seen anything like what is going on right now. You have a limited supply asset that now is a globally recognized brand that everybody knows, but not everybody understands. What’s happening now is institutions are coming into the space,” Pal said.

More information about cryptocurrencies from Raoul Pal can be accessed at Real Vision Crypto:

0:00 – Origins of Real Vision
5:10 – Real Vision Crypto
7:39 – Is blockchain the way of the future?
11:08 – Is bitcoin in a bubble today?
14:31 – Bitcoin’s cycles
16:55 – Central bank digital currencies
19:08 – Asset allocation for cryptocurrencies

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  1. That’s only 15x. If bitcoin does do that….utility coins will follow at much better multiples. Talking 100-1000x+. Bitcoin is a great short term investment but no need to go all in. Hold your hard assets including PM. Invest in bitcoin. Know when to get out of bitcoin and move into utility coin value, then move the bulk of your profits into more hard assets.

  2. Bitcon is backed by air. At least Ethereum was honest enough to name it appropriately, IE, Ether! Bitcon is more properly compared to a Ponzi scheme than a tulip bubble; when the music stops, bitcon will drain out like the Hindenburg.

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