It might sounds crazy to wonder whether Bitcoin will achieve this journey to $1 million USD, but some people and investors believe it, particularly Raoul Pal (Goldman Sachs ex-CEO). According to him Bitcoin and gold are the only solutions towards the economic crisis, indeed he also describes a path which could be taken by Bitcoin, he is predicting a price of $1 million USD for 1 BTC within 3 years. Let me drive you through this not so crazy prediction.

The actual situation is pretty delicate right now because of the virus, Raoul Pal isn't really optimistic in terms of economy for the future, indeed it could take around 10 years to fully recover. However he is optimistic about cryptocurrency and especially with Bitcoin, basically because Bitcoin could be a refuge against the crisis. According to him the actual crisis is "the biggest event of this century" and it has only begun, we're currently at the panic stage and the future could definitely become worst. 

Concerning a quick recovery, Raoul stated that it isn't going to happen :

I think that growth will not recover significantly after this massive economic crash. I think the story of hope is a false hope. I would cripple a 30% U-shaped recovery. I would cripple a 70% debt deflation.

The actual issue of the current economic system would be the USD, it isn't efficient against the current crisis and Raoul also recommend to change our payment system, adding that no amount of cash could solve the problem :

You see, the biggest problem the world is facing is the USD. We are in a viscous loop of misfortune where the slowdown in growth drives up the dollar, which leads to slower growth, which drives up the dollar, because all borrowers play musical chairs to get access to the dollar for debt service.

I've talked you about it earlier in the article, but Bitcoin and gold could benefit from the attempts to print huge volume of cash in order to solve the issue. Furthermore Bitcoin and gold are the most resistant to this economic crisis, as a result our current currencies will loose some value : 

Gold is the protection of our property. Bitcoin is the purchase option on the future system. Both will save us and probably make us rich. Gold can go up three or five times in the next three to five years. And for Bitcoin it's another story. I highly believe Bitcoin can reach $1 million USD during the same period.

Since the crash of 12 April Bitcoin and other cryptocurrencies managed to restart their assumptions, currently Bitcoin price is around $7.650 USD and the growth rate is 55% since 12 April :

Moreover, Raoul Pal added that Bitcoin's market capitalization will reach $10.000 billion USD, it will be more than a store of value, it's our economic system's future. Other big personalities like Mike Novogratz (Kraken's CEO) agreed on Pal's point of view, the future of cryptocurrency and especially Bitcoin is bright, we will see how it turns out !