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The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal.
“This is a multi-quadrillion dollar world that’s being developed in terms of flow. In terms of the stock market, the bond market, the equities markets – all of these things are two, three, four hundred trillion dollar markets each. Currently the digital asset sector is [$2.26 trillion], so what is it going to be worth? At least 100x from here still, probably 200x maybe even 500x.”
In other trending Bitcoin News today:
Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000
Based on the current NVT price of $47,500, the next major short-term top with an NVT premium of 2 could likely be at or above $95,000 while a potential cycle top, with an NVT premium of 3.5, could be at or above $166,300.
What’s more, a $166,000 price tag may actually be a fairly conservative prediction, according to Woo. The analyst explained that BTC price could also reach as high as $300,000 by December 2021, based on other metrics.
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Show Notes / News Resources:
✔ Binance $750M Profit: https://bit.ly/3ecz6RA
✔ 3 Ethereum ETF’s Approved: https://bit.ly/3spmFqQ
✔ Crypto Could Surge 500X: https://bit.ly/32q0u9b
✔ $166K Bitcoin Cycle Top Prediction: https://bit.ly/3mXCmVa
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