Bitcoin exchange rate will reach $ 20,000 in 12-18 months

Raoul Pal, former executive director of Goldman Sachs, believes that the recent fall in Bitcoin is not at allsignals disappointment with cryptocurrency from investors. Over the next 12-18 months, we will see how the BTC will repeat the famous December rally of 2017.

Recall then the coin on some tradingsites reached $ 20,000. Pal expressed this point of view in a recent interview with industry expert Stefan Liver, published late last week.

If I could only own one asset for the next 10years, it would be bitcoin $ BTC It encapsulates all of my larger macro views and feels like the point on the far horizon we are headed to, in some shape or form. Yes, like gold too and many other things but BTC risk / reward beats all.

- Raoul Pal (@RaoulGMI) January 31, 2020

Former Goldman Sachs senior manager, now the head of Real Vision, made similar statements earlier.

For example, in early February, he predicted that Bitcoin would become the best investment of 2020. Despite the high risks associated with volatility, investing in Bitcoin is still very profitable.

In an interview with Liver, Pal emphasized that investmentEquities, for example, are also risky, but the return on such an investment is very low compared to bitcoin and other digital currencies. Even real estate investments are less promising than buying a BTC representing the best asset class.

On the night of Monday, March 23rd, the firstthe cryptocurrency dropped below $6,000. The market is currently experiencing a correction, which has replaced trading in the green zone, which resulted in reaching $6,680 on the evening of March 20.

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