Raoul Pal: Bitcoin price could surpass $ 20,000 in the next 18 months

Former Goldman Sachs CEO believes Bitcoin is cheap

The move to surpass and maintain the strength above Bitcoin's $ 6,000 level is a positive sign in the context of the complicated corona virus outbreak. Raoul Pal - Former director of Goldman Sachs, also said that this currency price will increase to 20,000 USD.

Raoul Pal: Bitcoin price will surpass 20,000 USD in 18 months

In an interview published Saturday, Raoul Pal, a former Goldman Sachs derivatives director, said Bitcoin's price would rise to $ 20,000, the highest of all time in the next 12 to 18 months. Despite the drop in current global markets.

(embed) https://www.youtube.com/watch?v=5XfjzIP5oSA (/ embed)

This interview was published shortly after Raoul Pal revealed that he believed in Bitcoin's uptrend more than ever. He also added that it is likely that all confidence in the entire system has been lost.

Specifically, in a commentary on this issue at the end of January, former Goldman Sachs director said Bitcoin was the only asset he would hold in the next 10 years (if he had to choose one type of asset). . He said it was because it covered all of his larger macro views, alluding to earlier statements of when he thought the world would move toward a digital financial system.

Raoul Pal also added that in terms of risk analysis - the mere reward, Bitcoin defeated all other types of assets.

Bitcoin is still showing positive

So far, Bitcoin is being traded at $ 6,160, up 2.80% in the past 24 hours. In the context of not having many supporting factors, this is considered a positive sign.

There have been claims that Bitcoin has been gradually diverging from traditional markets. Bitcoin is said to have begun the recovery process. The recent Fundstrat report also said that the recovery process of the coin will take a few months.

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Nguyen Diep

My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently

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