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"Baby boomers are f*cked" & "Bitcoin and gold could save us," a new report predicts gloomy future

By | Bitcoinz News | 25 Apr 2020

Raoul Paul who authored a Global Macro Index report has made the entire 100+ page report public for the first time.  This report is exclusive to his GMI clients but he has made the report public based on the dire situation we are heading toward.

He predicts that Gold will 3x to 5x in the coming years and will take the Gold's market cap from $15 trillion to $60 trillion.

During the same time period, bitcoin alone could reach $10 Trillion market cap.  He thinks bitcoin could realize its true potential during the crisis that is unfolding in front of our eyes on the global stage.

The entire 100+ page report goes through the historical references from the great depression until now and projects the 'devaluation' of currencies around the world with the US dollar taking the hit at the end.  

As the baby boomers look to get hands on cash, they will start liquidating their stocks at every opportunity, this will increase the sellers in the market.  With corporate buybacks seeing an end the equities market might see a slow growth.  The combination of sell pressure, lack of corporate buybacks and slow growth might screw with the baby boomers and their nest eggs.

"The Baby Boomers are totally f*cked. I have been publicly warning and warning about this," Raoul said in the report.

Bitcoin and Gold to the rescue - welcome to $1 Million per bitcoin

According to Raoul, Gold will grow exponentially in the coming years, however, that growth will be pale in comparison to Bitcoin's projected growth, in his view.

Bitcoin could turn into a $10 Trillion asset and it is not as crazy as it sounds, according to Raoul who said "It is an entire trusted, verified, secure, financial and accounting system of value that can never be created outside of the cryptographic algorithm. It is nothing short of the future of our entire medium of exchange system, and of money itself and the platform on which it operates."

He expects bitcoin to hit $100,000 in the next two years but if the optimistic scenarios (specific to Bitcoin) play out - we could see a $1 Million bitcoin in the same period.

He himself is investing 25% of his liquid assets in Bitcoin and 25% in gold.  He said he was buying bitcoin each and every day to own as much as he can.

Our opinion

If a war doesn't break out, we personally think the markets will bounce back.  They may not bounce back to the pre-COVID glory immediately but they will rebound and reach higher highs (in fiat valuation) in the next 5 years.  

However, the bitcoin and crypto space along with gold will increase in valuation as well.  We could see a $1 trillion bitcoin market cap in the next 2 years.

While we agree with the direction of Raoul's predictions - we are just iffy about the $1 million bitcoin in the next 2 years.

What do you think?


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