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Bitcoin News Alerts | Daily BTC News

1027: Bitcoin Is Going to $1 Million Best Case, Says Macro Guru Raoul Pal - Here’s When!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 24 August 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Crypto bull and Real Vision CEO Raoul Pal says that Bitcoin can still erupt en route to outperforming other asset classes in the next 10 years even in his worst-case scenario. "I rode it up $1,000, so it went up 5x in two months, then went all the way back down 85%. I just held it because I wanted to treat it like an option. I had a 10-year view. I said it’s probably going to $100,000 worst case, $1 million best case over the next 10 to 20 years.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:30.0

In today's show, the Bitcoin Bulls may win big as two key moving averages prepared across,

0:35.8

according to Dave the Wave, Bitcoin one-year moving average, now crossing the two-year moving average, as to cross. Quoting Dave the wave, Bitcoin one year moving average,

0:38.4

now crossing the two-year moving average, as per the corrective phase after a speculative

0:43.1

run up, looking good from a technical perspective, no matter the sentiment, those buying these

0:48.3

levels have previously done well. And quoting Miles J, big expansion on the pie cycle top

0:53.9

moving averages. Getting back

0:55.4

above the orange line is crucial for the bulls. And quoting venture founder, Bitcoin below the

1:00.6

200 week moving average again. The amount of FOMO we saw on crypto Twitter in the past two weeks

1:05.1

during the $25,000 rally is unprecedented. This bull trap almost has to play out. Also in today's show, a bullish Bitcoin

1:12.9

trend reversal is a far-fetched idea, but this metric is screaming by, quitting big smoky. Stocks

1:18.8

and crypto clearly risk off until we hear the Fed perspectives coming out of the Jackson Hole this

1:23.4

weekend. Bitcoin price continues to range, but looks a bit soft. Also in today's show, bullish Bitcoin

1:29.1

on-chain signal flips for the first time since August 2021, according to on-chain analysts,

1:34.8

William Clemente. According him here, Bitcoin's hash ribbons have flashed a buy signal for the first

1:39.4

time since August 2021, mark in the end of a two-plus month-long period of minor capitulation and deep

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