Bitcoin
BTC$70 797.92

3.14%

Ethereum
ETH$3 553.00

1.38%

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USDT$0.999927

0%

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1.28%

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XRP$0.633595

2.99%

It May Not Be Worth Owning Any Asset Other Than Bitcoin


07 Aug 2020

#Bitcoin

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.

CEO and founder of Real Vision Raoul Pal says his “conviction levels” in Bitcoin are rising on a daily basis as he compares the crypto asset to traditional investments on various timescales.

Applying economic cycle theory in a series of charts posted to Twitter on Aug. 6, the former Goldman Sachs fund manager stated that although many investors choose gold as an alternative to fiat, Bitcoin (BTC) has been the only asset in the world to “offset the growth of the G4 balance sheet.” The G4 refers to the Bank of England, the Bank of Japan, the Federal Reserve, and the European Central Bank.

“It’s not stocks, not bonds, not commodities, not credit, not precious metals, not miners. Only one asset massively outperformed over almost any time horizon: Bitcoin.” The CEO continued: “My conviction levels in Bitcoin rise every day. I’m already irresponsibly long. I am now thinking it may not be even worth owning any other asset as a long-term asset allocation, but that's a story for another day.”

Bullish for 2025


Pal told Cointelegraph in May that the devaluation of world currencies will cause the price of Bitcoin to rise 50x to 100x in the next five years. He interpreted economic cycle theory charts to mean the cryptocurrency could eventually reach $1 million.

As of this writing, the price of Bitcoin is approaching $11,800, having risen 6% in the last seven days.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.8% 43 $70 797.92 3.14% 7.71% $1 392 367 206 570 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.2% 48 $3 553.00 1.38% 2.40% $426 614 659 798 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999927 0% 0.01% $104 446 524 159 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 60% 80 $582.13 1.97% 5.20% $87 049 088 579 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 58.4% 89 $185.34 1.28% 2.34% $82 344 276 176 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 31 $0.633595 2.99% -1.68% $34 774 365 869 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.4% 2 $1.000004 -0.03% 0% $32 227 953 113 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68.4% 68 $0.220295 18.63% 44.71% $31 646 369 118 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 67.2% 67 $0.651308 1.95% 3.07% $23 174 492 989 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 61.6% 88 $54.39 0.97% 0.76% $20 527 243 863 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 55.6% 94 $0.000032 4.63% 15.70% $18 617 414 300 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 60% 88 $4.96 -1.19% 21.35% $17 210 985 001 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 76% 52 $9.47 0.37% 2.17% $13 512 103 853 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 76.8% 42 $19.21 -0.39% 3.80% $11 280 141 182 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 67.2% 60 $569.78 5.77% 35.59% $11 214 158 402 BCH 7 days price change

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