Amazing Bitcoin (BTC) Growth Figure Named by Raoul Pal
11/24/2023 22:20
Bitcoin chart shared by investor Raoul Pal hints that by 2026 BTC is likely to hit $2 million per coin
Bitcoin chart shared by investor Raoul Pal hints that by 2026 BTC is likely to hit $2 million per coin
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Investor and founder of Real Vision, Bitcoin advocate Raoul Pal has shared a bullish Bitcoin chart with his followers, showing two things the BTC community should be grateful about in the current 2023 year.
$2 million per Bitcoin by 2026
Pal stated that the first thing is that since 2013 the flagship cryptocurrency has demonstrated astounding growth as its price increased by a jaw-dropping 275,000% - BTC gradually rose from $15 to the current $37,253, according to the chart.
Compared to Bitcoin, gold has increased by less than 50%, rising from $1,250 in 2013 to the $2,000 price level now.
Real Vision CEO referred to BTC as “the best-performing asset of all time”. The second thing to be grateful for, per Raoul Pal, is the log trend that Bitcoin continues to move in. The logarithmic chart shared by Pal shows that by 2026 Bitcoin may surge to hit $2,000,000 per unit.
— Raoul Pal (@RaoulGMI) November 24, 2023Two things to be grateful for:
Bitcoin - The best-performing asset of all time +275,000% since 2013). A stunning log trend we should be thankful for too... pic.twitter.com/aEr82t3ATm
Over the past two days, Bitcoin has increased in price by slightly over 8% as it soared to top the $38,000 level briefly, adding more than a $1,000. This massive rise, which happened as Argentina elected a pro-Bitcoin far-right president Javier Milei.
At the time of this writing, BTC is changing hands at $37,876 on the Bitstamp exchange.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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