“I assume there’s a reasonable chance of this being a $250 trillion asset class, that is 100x from here,” said Raoul Pal.
Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap might increase 100X by the tip of this decade.
At the time of writing, the overall market cap of the world crypto sector stands at $2.2 trillion, and Pal told podcast Bankless Brazil “there’s a reasonable chance” this figure might grow to around $250 trillion if the crypto network adoption models continue on their current flight.
Pal histrion comparisons between the current benchmarks of other markets and asset categories like equities, bonds and property, noting that all of them have a market cap between “$250-$350 trillion.”
“If I look at the total derivatives market, it’s $1 quadrillion. I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100X from here, which would be the largest growth of any asset class in all of history in the shortest period of time.”
“That can just about dovetail in with the concept that 3.5 billion folks are using it — that’s simply extrapolating the growth numbers of the network. thus if [there are] 3.5 billion users in 2030, well the market cap’s going to be something like $250 trillion,” he added.
One factor is sure, it is not attending to get there in a very line upward.The total crypto market cap has born 6.8% over the past 24 hours amid a big pullback across most major assets. Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) are 7.6%, 9% and 9.1% within that same time-frame.
(Brian Quarmby, Cointelegraph, 2022)