In the field of digital currency, Bitcoin has always been the focus of much attention. Recently, a former Goldman Sachs executive made a shocking prediction that Bitcoin's market value is expected to soar to $10 trillion. This prediction has attracted widespread attention and heated discussions in the market. What exactly makes this senior financial person so optimistic? Let's take a deep look at the various factors behind this prediction.

As a virtual currency, Bitcoin's market performance has always attracted much attention. As the global digitalization process accelerates, more and more people are beginning to pay attention to and invest in Bitcoin. The prediction of the former Goldman Sachs executive has triggered a strong reaction in the market, and people generally believe that this may be a milestone event in the field of digital currency. What kind of logic and opportunities are hidden behind this prediction? Let's dig deeper together.

First, to understand that Bitcoin's market value can reach $10 trillion, we need to review the development history of Bitcoin. As the first widely accepted cryptocurrency, Bitcoin's unique decentralized characteristics and scarcity make it popular. As the Bitcoin market continues to expand and mature, more and more institutions and investors have begun to recognize the investment value of Bitcoin, which has created favorable conditions for its market value to continue to rise.

Secondly, the prediction of the former Goldman Sachs executive may hide a deep insight into the future development trend of digital currency. With the continuous evolution of the global financial system and the rise of digital currencies, Bitcoin, as a leader, occupies an important position in the digital currency market. Its unique value storage function and cross-border payment advantages give it broad application prospects in the financial field. The prediction of the former Goldman Sachs executive may be based on a deep insight into the future development potential of digital currencies and an accurate grasp of market trends.

In addition, the market value of Bitcoin can reach 10 trillion US dollars and may also benefit from changes in the global economic environment. With the increase in global economic uncertainty and the volatility of traditional financial markets, people's demand for safe-haven assets continues to rise. As a decentralized and scarce digital asset, Bitcoin has certain safe-haven properties and has become one of the options for investors to avoid risks. In this context, the continuous rise in the market value of Bitcoin can also be supported to a certain extent.

In summary, the former Goldman Sachs executive predicted that the market value of Bitcoin can reach 10 trillion US dollars, which implies a deep understanding of the development trend of the digital currency market and an accurate grasp of the global economic environment. As a digital asset with unique advantages, Bitcoin has huge market potential and attracts more and more attention and participation from investors and institutions. In the future, as the digital currency market continues to develop and mature, Bitcoin is expected to continue to maintain steady growth and achieve the $10 trillion market value target predicted by former Goldman Sachs executives. This prediction not only leads the direction of the development of the digital currency market, but also brings new investment opportunities and a brand new financial experience to investors. The future of Bitcoin is worth waiting for.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Former Goldman Sachs Exec Believes Bitcoin Can Hit $10 Trillion Market Cap! Despite the recent downturn, Bitcoin has been on a roll over the past decade. Case in point: The cryptocurrency that originally traded at around $0.001 is now worth over $7,000, which is literally a ten-billion-dollar percentage gain.

While such gains are laughable in themselves, some say Bitcoin still has room to run. And more room.

Raoul Pal, a former Goldman Sachs executive and hedge fund manager, explained in a recent research note that he thinks the cryptocurrency could be worth 5,000% more than it is today, and here’s why.

Bitcoin Could Seriously Hit $10 Trillion Market Cap. Macro Investor Explains Why

Over the past 12 months, Pal has become one of Wall Street’s loudest Bitcoin bulls, reiterating his bullish stance time and again in numerous interviews, tweets, and research notes.

It seems like he’s getting more and more bullish every time. His recent mention of Bitcoin in the April edition of Global Macro Investor (the research business Pal runs) is no exception.

Pal explains in this research note that he believes that while Bitcoin is already the best performing asset, it will rise further over the next two years.

Rather than giving an exact number, he gives a range: $100,000 to $1 million, which would correspond to market caps of over $2 trillion and over $20 trillion, respectively.

Referring to the following chart showing that the asset is preparing for a major breakout, he writes: “The chart is spectacular… I think it hits $100,000 in the next two years alone. But it could hit $1 million over the same period.”

As crazy as it may sound, Pal has reasons to be so bullish on Bitcoin. Namely, he believes there is a risk that “our monetary system is failing,” or at least “the current financial system” will collapse.

He writes that the leading cryptocurrency will benefit from this because:

“It is a complete, trusted, verified, secure, financial and accounting digital value system. […] The future of our entire system of exchange, of money itself and the platform it runs on, is no less important than this.”

Notably, this prediction is a bit more exciting than the one he has made recently. Speaking to Precious Metals in February, Pal said he expects Bitcoin to hit at least $20,000 in the next 12 to 18 months, similar to what Dan Morehead has said.

The shift from calling for $20,000 to predicting Bitcoin trading in the tens of thousands has been accelerated by an unpredictable macroeconomic backdrop.

Regardless, Pal is so confident in crypto that he wrote the following to end the letter, only solidifying his astronomically bullish stance on BTC:

“I personally target my total available allocation of liquid assets to 25% trading investments, 25% cash (all USD), 25% gold, and 25% Bitcoin.”

Everything Else is Overvalued

One of the main reasons Pal is bullish on Bitcoin is not mentioned in this edition of the GMI, but it was mentioned in a previous interview with the Marked Macro Investor. It’s because cryptocurrencies are severely undervalued relative to other asset classes.

Speaking to industry podcaster Stephan Livera, the former Wall Street investor said mainstream asset classes make no sense for millennial investors.

He explained that stocks are around all-time highs and are driving extreme valuations with very little profit and potential.

Bond yields are “almost zero” and in some cases negative

Real estate is largely “unaffordable.”

Bitcoin, on the other hand, is the ideal savings vehicle for millennials: “So what do millennials do for your future when almost all assets have estimated returns over the next 20 years, 10 years? The answer is well, you go with cryptocurrencies and Bitcoin.”

The comments were made on July 29 last year, before all the recent chaos, and are therefore the tone of Pal’s advocacy.