RAOUL PAL: Bitcoin Is Worth $1,000,000"I did some analysis a while ago," Raoul Pal said. "[It] was to try and create a valuation framework that gives some value to bitcoin because nobody really knows that it's worth."
Pal, a former global macro fund manager and current author of the Global Macro Investor newsletter, is talking about the bizarre digital cryptocurrency that saw its value surge north of $1,200 a year ago.
http://uk.businessinsider.com/raoul-pal-on-bitcoin-2014-11?r=US#ooid=xvdmJucTp4Usl1xFLQQWEv8DwBl2so8w
