P - Raoul Pal Says 60% Chance Bitcoin Hits $150K Sees Millennial Cohort As 'Biggest Buyers Of This Stuff' | Benzinga
Macro investor Raoul Pal predicted on Monday a 60% probability that Bitcoin (CRYPTO: BTC) could reach $150,000, with a 20% chance this peak might be achieved more rapidly than anticipated and followed by a decline.
Pal also assigned a 20% possibility of Bitcoin experiencing a bubble cycle akin to the one between 2011-2013, potentially soaring to $250,000.
What Happened: Pal's analysis, in his conversation with entrepreneur Anthony Pompliano, comes in the wake of the Bitcoin ETF approval, which, contrary to expectations, saw a decrease in Bitcoin's price.
He attributed this to the market needing time to digest the new influx of capital, estimated at two to three billion dollars.
"The whole process of bringing people in, ...