With the constant fluctuations of the cryptocurrency market, many people wonder how much they could earn if they invested in Bitcoin now. Raoul Pal, a cryptocurrency financial expert, has made a prediction about the future of Bitcoin.
Pal analyzed various factors to predict that Bitcoin could reach $1 million per unit by 2025.
If Pal’s predictions are correct and Bitcoin reaches $1 million in 2025, a $1,000 investment today, which is equivalent to approximately 0.0155 BTC, could be worth up to $15,500, which would represent a 1,450% return on investment.
Raoul Pal highlights that Bitcoin has experienced very rapid growth, which can be seen on a logarithmic chart.
This chart shows that Bitcoin’s recent market behavior is similar to what it did during the 2016-2017 bull run. At that time, a large amount of money was invested in Bitcoin, which caused a considerable increase in its price.
Raoul Pal believes that the imminent Bitcoin halving event, scheduled for this week, could drive an increase in the prices of the crypto asset.
Historically, the halving events in 2016 and 2020 marked a before and after, taking the price of Bitcoin from approximately $800 and $10,000 to peaks of more than $20,000 and almost $70,000, respectively.
This phenomenon could repeat itself if the Bitcoin market cycle continues its current course.
The collapse of major banks last year, such as Silicon Valley Bank and First Republic Bank, due to mismanagement, strengthens, according to Pal, the case for institutional adoption of Bitcoin.
He argues that Bitcoin, being decentralized and secure by blockchain technology, represents a secure alternative compared to the failures of the traditional banking system.
Raoul Pal identifies Bitcoin exchange-traded funds (ETFs) as a key element for the growth of its value.
These funds have made it easier for a greater number of new investors to purchase Bitcoin. This increase in investment has contributed significantly to raising the price of Bitcoin, reaching its highest prices in March.
Pal says there is a huge amount of money going into Bitcoin. Although the systems to handle these investments are still being developed, many professionals are working to facilitate these transactions.
Keep reading:
– Bitcoin could rise in price to more than $80,000 in the coming weeks
– Bitcoin could be worth $1.5 million in just 6 years
– The shocking forecast for Bitcoin towards 2030: $1 million dollars?