Can the Bitcoin market cap reach $10 trillion? Why an ex-Goldman Sachs exec thinks it’s possible
BTC $7471 (+5%) • ETH $186 (+2.5%) • XRP $0.19 (+2.2%)
Bitcoin has been on a remarkable run over the past decade, despite the recent downturn. Case in point: the cryptocurrency, which first traded at around $0.001, is now worth upwards of $7,000, a percentage gain that is literally in the hundreds of millions of percent.
While such a gain is ludicrous in and of itself, some say that Bitcoin still has room to run. A lot more room.
In a recent research note, Raoul Pal — a former Goldman Sachs executive and hedge fund manager — explained that he thinks the cryptocurrency could be worth upwards of 5,000 percent higher than it is today.
And here's why.
More news ⏬
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Bitcoin’s performance over the past few weeks since the mid-March bottom has undoubtedly been impressive.
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Ethereum has seen a notable price spike today that has come in tandem with a recovery seen across the aggregated cryptocurrency market.
Bitcoin whale growth is macro bullish, but will it be enough to stop another massive selloff?
Data suggests that large buyers – sometimes referred to as “smart money” – have been in full Bitcoin accumulation mode over the past couple of months, with the number of proverbial “whales” hitting multi-year highs just in the past week.
These privacy coins are on the move and could soon lead the crypto market
Zcash and Dash appear to be leading the cryptocurrency market. Despite the recent bullish impulse they went through, a steep correction may be underway.
What else?
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🤖 This AI-focused cryptocurrency is up 300%, but on-chain fundamentals spell trouble
🌋 Stablecoin boom doesn’t guarantee Bitcoin price will explode higher: economists
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