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Institutional Money Differentiates Bitcoin's Rally From The 2017 Crypto Bubble, Macro Investor Says

Emily Mason

Summary: Founder and CEO of Global Macro Investor and Real Vision Raoul Pal says Bitcoin may hit $150,000 by November 2021 adding that he believed that to be a conservative estimate.  He went on to say that he could see Bitcoin reaching $250,000 in the near future given the flow of institutional money flowing into the Bitcoin ...

Founder and CEO of Global Macro Investor and Real Vision Raoul Pal says Bitcoin may hit $150,000 by November 2021 adding that he believed that to be a conservative estimate. 

He went on to say that he could see Bitcoin reaching $250,000 in the near future given the flow of institutional money flowing into the Bitcoin market. The addition of institutional investors into the space is what makes the recent Bitcoin rally different from 2017's crypto bubble, according to Pal. Companies like PayPal and Square have recently added crypto services, creating a stronger demand for Bitcoin.

“I've never seen a market with this supply and demand imbalance before”, Pal told Cointelegraph. 

By Emily Mason

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Link: Institutional Money Differentiates Bitcoin's Rally From The 2017 Crypto Bubble, Macro Investor Says   [Copy]
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