In a series of tweets released on Saturday, former Goldman Sachs executive and founder of Real Vision Group, Raoul Pal, shortly explains how Bitcoin and Ethereum will continue to shine in 2021.
In what is not a first time , Pal repeats that he believes Bitcoin is a “super massive black hole,” which will continue to suck capital out of every other asset out there.
SPX +11.5%
NDX +7.84%
EEM. +4.71%
TLT -11.28%
Oil +31%
Gold -6.86%
Copper +26.29%
Wheat +15.75%
DXY +1.46%
EU ETS. +49.27% (pretty good)
Lumber +130% (World class)Fed B/S +6%
Bitcoin +95.87%
ETH +274.75%QED.
— Raoul Pal (@RaoulGMI) May 1, 2021
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While Pal is undoubtedly a proponent of Bitcoin and cryptocurrency, his claims are based on data. And the numbers so far don’t lie, making it worthwhile for anyone looking for a good return on their investment
I don’t speak for bitcoiners. The entire space is a whole gigantic opportunity and I think you’d find it an interesting space overall.
— Raoul Pal (@RaoulGMI) May 2, 2021
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Raoul Pal supports stock to flow analysis and has previously predicted the price of Bitcoin to shoot to $1 million.
I fist bought Bitcoin in November 2013. Here is the original article where I applied rudimentary stock to flow analysis, later perfected by @100trillionUSD
My equivalence price target was 700 ounces of gold = one BTC. At currency prices that is around $1.3m.
— Raoul Pal (@RaoulGMI) May 2, 2021
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Source: Igaming
