• "It's an enormous wall of money — just the pipes aren't there to allow people to do it yet, and that's coming, But it's on everybody's radar screen, and there's a lot of smart people working on it."
  

• states Raoul Pal

These are the words of Raoul Pal Goldman Sachs former hedge-fund chief. He's put more than 50% of his own capitol into Bitcoin, so he expects to see returns in the not distant future. 5 years is a very short time for sure a large increase

"Just from what I know from all of the institutions, all of the people I speak to, there is an enormous wall of money coming into this ..... It's an enormous wall of money — just the pipes aren't there to allow people to do it yet, and that's coming. But it's on everybody's radar screen, and there's a lot of smart people working on it....The economy's not going to recover for a lot longer than we expect, There's no stimulus around, and we've got more problems to come in Europe, the US, and elsewhere. And businesses don't have enough cash flow. They're closing in droves. And that's what I called the insolvency phase...the only answer is more (money) from the central banks, so that's why I started to buy more and more bitcoin"

It seems that everywhere you look, you read a new article showing how a huge world-wide based financial institution is diversify into Bitcoin. That is what he means when he's talking about an "enormous wall of money"

Never being known for grasping new technology, these large institutions of 'smart money' are having trouble on-boarding .. getting into the crypto space to make these huge transactions, but that is starting to fall away. With Squares recent Bitcoin purchase (1% of their total reserve) they also left notes for all the other companies to follow. . . basically an ABC of steps to get into the Bitcoin bandwagon.

Once the 'smart money' of large investment and financial sectors pours into the space, we'll start seeing Bitcoin both being taken much more seriously, and the price raising dramatically. The traditional markets are looking around and seeing a world changed by Covid19 and political turmoil. What once seemed to be a 'safe bet' overnight turned into risky business ... and risky business for very little return. Bitcoin is still risky, as much or more than traditional markets ... but the upside is much greater. This makes it attractive for many larger players looking to diversify and move into the 21st century.

What's your plan?   Are you HODLing for the long haul, or will you sell to all these new rich bloods trying to enter the space?  Leave a note in the comments