Bitcoin (BTC) price can reach USD 1 million, however Corona virus means that the baby boomer generation is “screwed up”completes a new macro report.
Originally released for your customers on March 30th, The Global Macro Investor Report, dubbed “The Unfolding”, marks a bleak future for the financial market.
Pal: The boomers “will sell whenever they can”
To the managing director Raoul buddy, Author of the report, The corona virus has fueled the fire of systemic weakness in world markets.
“”The damage this is doing to the US pension system is incomprehensible. Baby boomers will sell as much profit as possible to protect their last savings, which are declining rapidly, “he summarized the market losses in March.
Baby Boomers are totally screwed on. I have repeatedly warned of this publicly.
Since the publication of the report, a strange phenomenon of stock recovery combined with record unemployment has become increasingly apparent.
Advocates of Bitcoin have argued that this is the real injustice of the current “Fiat” economic model;; Large companies change their numbers, while employees and small companies no longer have anything. RT presenter Max Keizer called this “neo-feudalism”.
BTC is targeting an asset class of 10 trillion
For Pal, Bitcoin is a remarkable opportunity to exit the rapidly deteriorating status quo.
While gold could rise five times over the next five years, BTC has a lot more potential approved.
Bitcoin 3-month chart against gold. Source: Skew
“Bitcoin, well, that’s a different story,” the report said.
I think it can reach $ 1 million over the same period. I think it can go from a $ 200 billion asset class to a $ 10 trillion asset class.
Pal concluded that Bitcoin “is not just a currency or a store of value”.
It is a complete, trustworthy and verified financial and accounting value system that can never be created outside of the cryptographic algorithm. It is nothing less than the future of our entire exchange system and the money itself and the platform on which it operates.
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