Raoul Pal: Bitcoin To $1,000,000 By 2025
Raoul Pal, bullish as always on Bitcoin, has come up with a model which shows Bitcoin to reach $1,000,000 by 2025:
Bitcoin to $1 Million By 2025, Says Raoul Pal
Raoul Pal, CEO of Real Vision Group, believes Bitcoin could hit the million-dollar line sometime in 2025. The prediction is supported by a regression on the log chart since inception, which allows him to project Bitcoin’s future based on past performance.
I just used the regression on the log chart since inception, $1m would be 2 S.D’s. oversold by 2025. I assume regression on log charts is probably a math crime but its just contextual. pic.twitter.com/OVMJumHbPv
— Raoul Pal (@RaoulGMI) October 12, 2020
Although Raoul accepts that the data must be taken with a pinch of salt, he’s also sure that his model has some logic. And, at least at first glance, he has more credibility than a McAfee known for shilling and tweeting about crypto while partying under the influence of psychotropics in some tropical corner of the earth.
Full article here: https://cryptopotato.com/bitcoin-1million-usd-2025-raoul-pal/