DiscoverCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News810: IS BITCOIN MIMICKING RISE OF AMAZON?! MOST BULLISH MACRO BACKDROP IN 75 YEARS!!
810: IS BITCOIN MIMICKING RISE OF AMAZON?! MOST BULLISH MACRO BACKDROP IN 75 YEARS!!

810: IS BITCOIN MIMICKING RISE OF AMAZON?! MOST BULLISH MACRO BACKDROP IN 75 YEARS!!

Update: 2022-01-10
Share

Description

Macro guru and Real Vision chief executive Raoul Pal is looking at the historical price action of e-commerce titan Amazon and comparing it to the performance of Bitcoin (BTC) since 2013. According to the macro guru, if Bitcoin is to follow Amazon’s price action in 2010, it is possible for the leading cryptocurrency to revisit crucial support at $30,000. Pal also adds that based on Metcalfe’s Law, Bitcoin’s value should be hovering around $100,000, suggesting that BTC is tremendously undervalued at its current price.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Comments 
In Channel
loading
Download from Google Play
Download from App Store
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

810: IS BITCOIN MIMICKING RISE OF AMAZON?! MOST BULLISH MACRO BACKDROP IN 75 YEARS!!

810: IS BITCOIN MIMICKING RISE OF AMAZON?! MOST BULLISH MACRO BACKDROP IN 75 YEARS!!

Justin Verrengia