Institutional money may propel Bitcoin to $250K in one year's time, says macro investor

[newshunter]

Institutional money may propel Bitcoin to $250K in one year's time, says macro investor

According to macro investor Raoul Pal, the latest Bitcoin rally is just the beginning of an institutional-investor-led bull market.

Source: Institutional money may propel Bitcoin to $250K in one year's time, says macro investor

Would appreciate your opinion about this

[bigcash2011]

It is not only institutional money but mass investments are coming from people who were in denial before also many governments are now considering to buy amd store btc as reserve asset in the national reserves which would be massive 500k btc is possible in couple years i hope.

[Cinno3]

I hope 500k btc will be possible in one year. Such discussions are often seen in various government treasuries. They are thinking like this.

[TomPluz]

Well, who does not want Bitcoin to reach the $250K level in as early as just one year from now. However, in most cases a positive prediction on Bitcoin always missed the mark. Now, I am not saying that Bitcoin can never be able to reach that level but maybe the time frame can be a little problematic. While we know that there is an ongoing bull run right now, there will always be challenges along the road, and they tend to show up soon. In my estimate the prediction can happen maybe within 3 years frame. However, I can be wrong though.