RE: Raoul Pal: Bitcoin To $1 MIllion By 2025
There is only one big problem in this prediction...
that any boomers looking into crypto will drive the price over one million.
So, it won't be 2025, it will be sometime soon.
And it will seem to happen overnight.
If we go from 1-2% owning bitcoin to 10% looking at getting into bitcoin, the price will go no bid real quick.
Further, we don't have to wait till 2025, because the dollar is going to hyperinflate in all meaningful assets. Food, bitcoin, gold... will all be much higher priced next year, not in five.
Lastly, everything in those boomer portfolios is going to lose 99% of its value as they get remade.
Million dollar mansions are going to become "anyone who wants to live there go ahead and try" as the weather and the coastline changes. Heating fuel becomes too costly and you just can't grow a good garden there.
While, desert land, that today is dirt cheap will become the home of new communities that are "off grid" thanks to innovations in power production with passive solar heated earth ships year round greenhouses.