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Raoul Pal: The Journey Man
Coin Bureau: Crypto in 2024 & BTC Price Predictions with Tim Draper & Raoul Pal
Dec 24, 2023
37:53
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Quick takeaways
- Stablecoins are becoming a practical and efficient way to move money across borders, serving as a key tool for corporate transactions and remittances in economies with limited access to dollars.
- Both Tim Draper and Raoul Pal are optimistic about Bitcoin's future performance, expecting significant growth in value with the possibility of exceeding $250,000, driven by its unique properties and increasing adoption.
Deep dives
The Role of Stablecoins in 2024
Stablecoins are expected to play a crucial role in the future. They have become a bridge to Bitcoin and have proven to be a practical and efficient way to move money across borders. With the majority of the world's traders still relying on US dollars, stablecoins offer a viable alternative, especially in countries with capital restrictions or limited access to dollars. This trend is likely to continue and even grow, with stablecoins serving as a key tool for corporate transactions and remittances in economies where obtaining dollars can be challenging.
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