Real Vision CEO: BTC could reach $350,000 by the end of the year
Raoul Pal, CEO of Real Vision, said in the podcast Raoul Pal The Journey Man that the price of Bitcoin could reach $350,000 by the end of the year in the benchmark case, and the maximum price could exceed $500,000. He pointed out that due to the increase in market maturity and the launch of Bitcoin ETFs, Bitcoin price volatility has been significantly reduced, and even after reaching $100,000, there will be no significant 25% correction.
Regarding the future investment outlook, Pal emphasized that the next five years are a period of key investment opportunities. He said that AI is disrupting traditional industries, and its IQ has increased from 90 last year to 157, and it is expected to continue to grow rapidly in the future. This technological innovation will reduce the marginal value of knowledge and significantly change the landscape of many industries, including content creation and manufacturing. He advised investors to actively deploy the technology and cryptocurrency fields by 2030 to cope with the upcoming major changes.