| Former Global Macro Investor Group manager Raoul Pal believes that Bitcoin’s price can rise to levels of $1 million in the foreseeable future. He believes this is possible as the amount of Bitcoins available at the current moment is finite and should remain in this state for the foreseeable future.
Pal drew a parallel to gold and stated that Bitcoin, like gold is a rare commodity. Furthermore he feels that the crypto-currency is additionally a rare asset. Therefore its value could be as high as $1 million. He did however, concede that the recent price volatility in the Bitcoin has kept investors away, but strongly believes that traders need to understand that there is endless upside potential, as compared to the few risks...............................................Full Article: Source
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