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Raoul Pal predicts a 100X crypto market size by 2030

“I believe there’s a good likelihood that this asset class will grow to $250 trillion in the next 100 years,” said Raoul Pal.

  • Raoul Pal, the CEO of Real Vision and a former Goldman Sachs hedge fund manager, believes the crypto market cap will expand 100-fold by the end of the decade.
  • The overall market capitalization of the global crypto industry is $2.2 trillion at the time of writing, and Pal told podcast Bankless Brasil that “there’s a fair probability” that figure will rise to approximately $250 trillion if crypto network adoption patterns continue on their current path.
  • So, if there are 3.5 billion users by 2030, the market capitalization will be around $250 trillion,” he noted.
  • The total crypto market capitalization has declined 6.8% in the last 24 hours, owing to a massive sell-off in most major assets.

Raoul Pal, the CEO of Real Vision and a former Goldman Sachs hedge fund manager, believes the crypto market cap will expand 100-fold by the end of the decade.

The overall market capitalization of the global crypto industry is $2.2 trillion at the time of writing, and Pal told podcast Bankless Brasil that “there’s a fair probability” that figure will rise to approximately $250 trillion if crypto network adoption patterns continue on their current path.

Pal noted parallels between current benchmarks for other markets and asset classes, such as equities, bonds, and real estate, stating that they all have market caps of “$250-$350 trillion.”

“It’ll pretty well fit with the assumption that 3.5 billion people use it — it’s just extending the network’s growth rates.” So, if there are 3.5 billion users by 2030, the market capitalization will be around $250 trillion,” he noted.

One thing is certain: it will not reach its destination in a straight path upward.

The total crypto market capitalization has declined 6.8% in the last 24 hours, owing to a massive sell-off in most major assets. Within the same time frame, Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) are trading at 7.6%, 9%, and 9.1%, respectively.

Pal may have been surprised by the recent drop because, in an interview on Dec. 27, he projected that Bitcoin will have a strong start to 2022 because he believed that a period of institutional sell-offs and end-of-year profit-taking had passed.

“It appears they’re done,” he added, “since the market has been chopping around for the previous week, which has traditionally been the last week of everyone squaring their books.”

Pal projected in November that the bull market would not expire in December, as it did in the prior cycles of 2015 and 2017, but would instead last until around June. Heavy institutional inflows in Q1 were a big factor, according to Pal.

Raoul Pal predicts a 100X crypto market size by 2030

Staff Writer

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