Real Vision CEO Raoul Pal believes crypto will become the fastest growing asset class in history. In a new interview with Bankless BrasilPal says the cryptocurrency’s market cap could skyrocket, increasing 100-fold over the next decade.
The meteoric and impending growth of the crypto industry
The current global cryptocurrency market capitalization is around $ 2.2 trillion.
” If I look at all the other asset classes in the world, stocks, bonds, real estate, they are all between 250,000 and 350,000 trillions of dollars.
If I look at the total derivatives market, it’s 1 billiard of dollars. I think there is a reasonable chance that this is an asset class of 250 trillions of dollars, 100 times more than today, which would be the strongest growth of any asset class in history in record time.
That will translate to roughly 3.5 billion people using digital assets, if we extrapolate the network growth figures.
So if [il y a] 3.5 billion users in 2030, the market capitalization will be around 250 trillions of dollars. This is a simple inference using the network adoption models. “
The impact of crypto regulations on assets
Pal adds that the impending crypto regulation around the world presents less of a downside for major cryptocurrencies, but poses a huge risk to them.altcoinssmaller and riskier.
“I do not know the direction we are going to take.
If we’re going to keep this trend going and hit rock bottom [avec] a steep 50% drop before rising again, or if we’re going to follow a sideways trend for a year. I think we’ll see both types of these price actions.“
Cryptocurrencies have the potential to become the fastest growing asset class in history, according to renowned analyst Raoul Pal. Indeed, he claims that with 3.5 billion users in 2030 the crypto market capitalization will be around $ 250 trillion, which is 100 times more than today. If Pal’s guesses hold true, it’s time to take a look at this nascent industry.
Source: The Daily Hodl
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Thomas poirier
I’m sure blockchain and cryptocurrency are the future, and I want to get this idea across to everyone because the more people who believe in cryptocurrency, the sooner the future will come.
