Bitcoin will be swept to $1 million in five years by an ‘enormous wall of money,’ former Goldman Sachs hedge-fund chief says | Currency News | Financial and Business News

  • The price of Bitcoin will hit $1 million in five years, up from around $11,000 right now, thanks to an “enormous wall of money,” a former Goldman Sachs hedge fund chief said in a recent interview.
  • Raoul Pal, who has allocated more than 50% of his capital to Bitcoin, said a wave of institutional funds will adopt the digital currency, as they realize the economy will take a long time to recover from COVID-19.
  • “It’s an enormous wall of money,” he said. “Just…

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