Real Vision CEO: BTC may reach $350,000 by the end of the year
ChainCatcher news, Real Vision CEO Raoul Pal stated in the podcast "Raoul Pal The Journey Man" that Bitcoin's price could reach $350,000 by the end of the year under baseline conditions, with a potential to exceed $500,000 at its peak. He pointed out that due to increased market maturity and the launch of Bitcoin ETFs, Bitcoin's price volatility has significantly decreased, and even after reaching $100,000, there would not be a 25% major correction.
Regarding future investment outlook, Pal emphasized that the next five years are a critical investment opportunity period. He stated that AI is disrupting traditional industries, with its IQ rising from 90 last year to 157, and is expected to continue growing rapidly in the future. This technological innovation will lower the marginal value of knowledge and significantly change the landscape of multiple industries, including content creation and manufacturing. He advised investors to actively position themselves in the technology and cryptocurrency sectors before 2030 to prepare for the upcoming major changes.