Moon? i lol'ed:
"So I said OK well let's assume it's something like goldThere's a finite amount of it," Pal said in an interview with Grant Williams on Real Vision Television. "There's a finite amount that's been mined. The rest is underground. We kind of know how long it's going to take before all the gold is mined or before all the bitcoins. Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. Now, you'll never hear an analyst say thisbut I don't mind thisI could be wrong by 90%, and it's still worth $100,000."http://uk.businessinsider.com/raoul-pal-on-bitcoin-2014-11?r=USI suggest you watch the video at the end of the article if you haven't already. Much more interesting than the article.
Only at the end does he drifts into nonsense suggesting gold will be improved to allow for currency use. It seems he hasn't accepted yet that Bitcoin is effectively gold's replacement but he definitely understand its value proposition
...sounds like he's 'got it'. Good to see some off the smarter mainstream money managers digging down into the essence of it, finally.
He hasn't really said anything that wasn't being said around here in late 2010, early 2011, etc except for maybe the over-confidence in bitcoin's ability to be regulated (it can't) ... but good to see nonetheless.
These guys haven't quite figures that 10,000 coders aren't remaking the financial system in their spare time only to have it regulated into unusability by plonkers from ABC agency. Any bitcoin regulation is merely one github fork away from irrelevance, they just shouldn't waste everyone's time by vain attempts at unauthorised control.