Bitcoin Bull Raoul Pal Sees 20% Chance of $500K Bitcoin Price
• Former Goldman Sachs executive Raoul Pal updates his Bitcoin price outlook, sees 20% chance it reaches $500,000 in a "bubble cycle" • Gives 60% chance Bitcoin hits $150,000 in a "normal cycle" and 20% chance it front-loads to $150,000 then fades • Bitcoin currently trading around $43,000, up 2% in last 24 hours • Pal examining impact of spot BTC ETFs, monetary policy, economy, US election on price • Even if he discounts his $500k target by 50%, still sees potential for $250,000 Bitcoin