Bitcoin will surge to $1 million in 5 years by an ‘enormous wall of money,’ former Goldman Sachs hedge-fund chief says

Raoul Pal, the former Goldman Sachs hedge-fund manager who founded Real Vision, said the price of bitcoin could hit $1 million in five years.

In an interview with Stansberry Research on October 7, he pinned such a price increase to a wave of institutional funds pouring “an enormous wall of money” into the asset.

Bitcoin’s price has exploded about 40% year-to-date and was worth $11,387 on Thursday.

It is also the largest digital currency by market capitalization, at about $200 billion, according to data published by Statista.

“Just from what I know from all of the institutions, all of the people I speak to, there is an…

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