Real Vision CEO Raoul Palbelieves that the overall market cap of crypto markets will grow exponentially as people begin to adapt to crypto more quickly.
In an interview with RT Network’s Going Underground, Pal stated that crypto adoption is happening faster than any previous technology.
“The crypto world currently has an average of 150 million users. Currently, the adaptation rate is 113%. Basically, it’s twice as fast as the fastest adoption rate of any technology in all recorded history. Everyone got into the market, institutions, strong funds, retail buyers through ETFs, nation states, everyone!”
Pal also commented on regulatory concerns. He believes the size of the field and the decentralized nature will eventually make it impossible for regulators to fully control it.
“This is something unique. This is a situation where a distributed network of owners that will soon reach a billion people is shared among 150 million people, so their control of this fascinating space is almost ‘zero’. This system is really anti-system at its core and wants to create a new world based on a kind of distributed ownership and proven assets that people can’t deal with.”
Based on the size of other traditional financial markets, Pal thinks crypto markets will reach a total value of $200 trillion over the next decade. The total crypto market cap as calculated by TradingView is currently around $2.79 trillion.
“There could be a $2.5 trillion asset class right now. Most of the major asset classes around the world, stocks, bonds, real estate, are valued between $150 trillion and 350 trillion, so I believe the crypto markets will hit $200 trillion in 10 years. So that’s a 100-fold growth for this asset class, which is an opportunity for everybody because everybody here can own 10% of the assets.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.