$1 Million Bitcoin More Likely Than Ever?
So says CEO and Bitcoin bull Raol Paul. He also feels Bitcoin moving to $40K relatively soon is not outlandish by any means.
Pal: BTC price potential now $1 million
“Whatever plays out, after a KEY technical break like today, the probability of vastly higher prices has risen dramatically,” he summarized on Twitter.
Pal, who last month released a seminal report into Bitcoin’s benefits against fiat currency, said that using classical charting techniques, $40,000 becomes reality.
Well, that gives you a price object for this run potentially (key word – potentially) of $1m.
Using a log chart, Pal continued, likewise produces “a 1 standard deviation move to $40,000 and a 2 standard potential to $1m (potential).”