Renowned economist Raoul Pal predicts that the total value of crypto markets will increase 100 times and meanwhile there will be a very rapid adoption process. Raoul Pal, analyst and CEO of Real Vision, says crypto markets may be on the verge of growing exponentially as not only Bitcoin but other coins will see lightning-fast adoption. Detail cryptocoin.com‘in.
Bitcoin and crypto market predictions
In an interview, Pal says that crypto adoption is happening faster than any previous technology. Pal: “Crypto currently has 150 million users. The adoption rate is 113% per year. Basically, it’s twice as fast as the fastest adoption of any technology in all recorded history, so it’s happening at lightning speed. Everyone is entering the field: institutions, sovereign wealth funds, individual investors from ETFs (currency trading funds), nation states, everyone,” he says.
While commenting on regulatory concerns, the former Goldman Sachs executive says the size and decentralized nature of the space will eventually make it nearly impossible for regulators to fully control. Analyst: “This is something unique. This is a worldwide distributed network of owners that will soon consist of one billion people. Therefore, their ability to control it is almost nil. It is truly anti-establishment at its core.” Based on the size of other traditional financial markets, Pal predicts that crypto markets will reach a total value of $200 trillion over the next decade. At the time of writing, the total crypto market capitalization as calculated by TradingView was $2.79 trillion. Pal: “I think this will grow to $200 trillion in the next 10 years, so that’s 100x for an asset class. Humanity has never seen this before, so this is an opportunity for everyone because everyone here can keep 10% of their wealth – everybody – the richest and the poorest.”
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