Raoul Pal, Former Goldman Sachs hedge fund manager and Real Vision CEO, stated that there are reasons to believe that the crypto market cap would expand 100X by the end of the decade.
“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.”, Raoul Pal said on the Bankless Brasil podcast.
He added: “That will pretty much dovetail in with the idea that 3.5 billion people are using it — that’s just extrapolating the growth numbers of the network. So if [there are] 3.5 billion users in 2030, well the market cap’s going to be something like $250 trillion.”
It is not easy for the crypto market to reach that remarkable milestone easily. The market capitalization has decreased by 6.8% in the past 24 hours. Besides, the prices of top coins like BTC, ETH all dropped significantly.
Last November, Raoul Pal predicted that in December the market would continue its bull cycle like it did in 2015 and 2017, and continue through June of this year. However, the recent market slump may have taken him by surprise.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews