{"id":423244,"date":"2020-05-08T20:00:52","date_gmt":"2020-05-08T20:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=423244"},"modified":"2020-05-08T17:36:27","modified_gmt":"2020-05-08T17:36:27","slug":"global-macro-economist-shares-3-perfect-bitcoin-charts-with-1m-btc-targets","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/global-macro-economist-shares-3-perfect-bitcoin-charts-with-1m-btc-targets\/","title":{"rendered":"Global Macro Economist Shares 3 Perfect Bitcoin Charts With $1M BTC Targets"},"content":{"rendered":"

A global macro economist and well-known investor, has shared not one, or two, but three of what he refers to as “perfect” Bitcoin<\/a> price charts.<\/p>\n

Two out of the three charts point to realistic upside targets of $1 million per BTC. Can Bitcoin truly reach a valuation so high?<\/p>\n

Realizing Bitcoin’s Long-Term Disruptive Potential<\/h2>\n

Bitcoin<\/a> has incredible disruptive potential. It could one day replace all of the world’s money and become the global reserve currency, or it could fail and go to zero. It’s a risk that those who invest in cryptocurrencies are willing to take.<\/p>\n

For anyone who did so earlier on, it led to life-changing wealth.<\/p>\n

Bitcoin started its life virtually worthless, and over the course of the more than a decade in the market, has reached a peak price of $20,000.<\/p>\n

The booming crypto asset after fell into a bear market, but ever since crypto investors have been salivating at what would be possible at the next peak.<\/p>\n

Valuation models, charts, and more have all been produced to support theories that Bitcoin<\/a> price could reach astronomical figures.<\/p>\n

Related Reading | McAfee Just Backtracked From His Infamous $1 Million Bitcoin Price Prediction<\/a><\/strong><\/em><\/p>\n

Predictions reach as high as $1 million per BTC, although that’s been back tracked on since<\/a>. Polls across the crypto community also support these incredible valuations<\/a>.<\/p>\n

Economist Shares Three Perfect Charts, Two Point to $1 Million Per BTC<\/h2>\n

For the most part, these predictions have been pure speculation. Thankfully, a highly-respected macro economist and investor, has shared what he refers to as three “perfect” Bitcoin<\/a> price charts.<\/p>\n

Two out of the three charts point to a valuation of $1 million per BTC.<\/p>\n

Raoul Pal is the Founder and CEO of Real Vision Group<\/a>. He’s known as a global macro investor, investment strategist, economic historical, and more.<\/p>\n

With his credentials, it gives any charts shared by the investors that much more credence and validity.<\/p>\n

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Chart 3 – The Perfect Regression Channel<\/p>\n

That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential). pic.twitter.com\/YV1SUOKWjn<\/a><\/p>\n

— Raoul Pal (@RaoulGMI) May 8, 2020<\/a><\/p><\/blockquote>\n