Raoul Paul – Why Bitcoin And Crypto Can 100x From Here
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In this video, Raoul Pal explains why institutions are slow to adopt Bitcoin. He also sheds light on what to expect from the proliferation of stablecoins and how to play the game.

Here is the summary of the interview:

Every institution is looking at Bitcoin or forced to have that conversation in their boardroom, Raoul spent about 20% of his entire week talking to institutions, answering requests, and he realized that they embraced and were prepared to buy Bitcoin. But they needed to discuss when to buy, at what price, from which exchange, how to take custody, and how to account for it, and all these take months of work.

It’s been a year since MicroStrategy first purchased Bitcoin. Tesla also came in. Then, Michael Saylor hosted a meeting of 2,000 Chief Financial Officers (CEOs) or representatives from companies. And there was the sentiment that by March or April, we would see more than 100 companies adding Bitcoin to their treasury. And it didn’t happen. Then, we saw the correction.

Institutions didn’t join early because it takes time to make decisions. There are many people to get across the line or appease. For the corporations, it’s how you account for it and gap accounting. You can only mark it down; you can’t mark it up. And it has volatility in your quarterly earnings.
Many company executives see accounting rules as hindrances to their buying of cryptos.

The 80/20 Pareto Principle will probably apply to the crypto industry. Now, there are about 10,000 coins, but not all of them will survive. This is like the .com boom. So, it’s okay to play the small ones, but you need to know what you’re doing. You can take a very small position but know that you’re hugely speculative and trading penny stocks that can burst at any time.

In short, don’t go looking for penny stocks to try and get rich because it’s proven that virtually nobody ever gets rich from penny stocks but they end up getting broke.

Next March will be a sort of a cycle-top for Ethereum and Bitcoin. You can own those altcoins or stablecoins. The reason is that when Bitcoin outperforms, the market will fall. So, you shouldn’t own Bitcoin then but own stablecoins or large altcoins like Ethereum. At this point, the market cap of the crypto space may go up to 100x from here over 10 years. That is, from 2 trillion to 200 trillion.

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Credit: Scott Melker (Full unedited video)
Bitcoin & Crypto Will 100x to $200 Trillion Market Cap | Raoul Paul

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Welcome to “Savvy Finance 🤝
This channel is all about being savvy with your finance 💰.

We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA, and other altcoins. 🗠

We do a lot of research to bring you valuable and useful information, as well as sharing videos from many experts, including Michael Saylor, Raoul Pal, Charles Hoskinson, Max Keiser, Stacy Herbert, Cathie Wood, and many others. 👨‍🏫.
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🎦 Video footage and Background music: all video footage and background music used is either licensed through either CC-BY or from Videoblocks

#bitcoin #cryptonews #raoupal

👉 FINANCIAL DISCLAIMER
This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action.

Never buy crypto just because you see a YouTuber talking about it. Always do your own independent research before investing in any coin.

For transparency, our crypto portfolio comprises mostly bitcoin, Cardano, ethereum, and xrp.