Raoul Pal, a former head of equities and equities derivatives at Goldman Sachs (NYSE:GS) UK office and the founder of Global Macro Investors and Real Vision Group, believes that Bitcoin (BTC) is worth betting on in the long term — even if it’s just a 1% chance. This and other insights Pal shared while speaking on the Stephen Livera podcast this week. Pal said:
According to Pal, the potential reward of buying Bitcoin far outweighs all the accompanying risks. In his abstract approximation, $8 trillion is a possible figure the BTC market cap could hit in the future. He explained: