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Former Goldman Sachs Hedge Fund Manager says Bitcoin is going to $1 million in the "next 5-6 years"

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@jrcornel
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The bullish calls just keep coming for Bitcoin...

In what amounts to one of the more bullish calls of the year, a former Goldman Sachs Hedge Fund Manager says that bitcoin is going to go to $1 million within the next 5-6 years.

Specifically this is what he said in an interview the other day:

"I think [$1 million per bitcoin is] about right; whether it’s five years, six years"

The rest of his interview can be seen here:

So, why exactly does he think this?

His rational is pretty simple really...

There's a wall of money coming and he has first hand knowledge of it due to his contacts and his connections from his Goldman Sachs Hedge Fund days.

Basically he says he personally knows of a wall of money on the way that is going to move the price up tremendously in the coming years.

His exact quote:

"Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this. It’s on everybody’s radar screen and there’s a lot of smart people working on it."

Based on his past and his connections, he probably know better than most.

In a note out to his clients he mentioned this as well:

(Source: https://twitter.com/squidonomics/status/1259398336978620416/photo/1)

He puts his money where his mouth is...

He's willing to put his money where his mouth is and actually invest the same way he talks.

$1 million per coin sounds awful high, but when FOMO takes over, the price can do some pretty crazy things.

And Institutional FOMO is a whole other animal...

The next 5-6 years are going to a ton of fun for bitcoin investors!

Stay informed my friends.

-Doc

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