Real Vision CEO Raoul Palstated that it collects data on the adoption of crypto assets by examining Google Search activity.
Pal, who was also a manager at Goldman Sachs for a period, has 894,300 Twitter followers. Bitcoin (BTC) By taking a close look at Google search activity:
“Bitcoin as the core layer is less likely to see a rate hike at this point in the adoption curve, I believe we will experience more steady increases in adoption over time.”
Pal, Ethereum (ETH) on the contrary, he thinks the search activity seems quite strong.
“ETH appears to be capturing the layer-1 element of the applications layer (a kind of social token of the application ecosystem).”
Real Vision CEO added that decentralized finance (DeFi) Google search activity remains stable but is not growing at the moment.
“Given the total addressable market of its application, DeFi is likely to receive much more attention over time. We just saw the first mini wave. You have to wait until TradFi moves to the blockchain for some real magic applications.”
Pal noted that NFT search activity shows a “new departure” in terms of network acceptance of the NFT industry.
The Real Vision CEO added that Web 3.0 has suddenly become “an all-encompassing term for the digital asset space and applications layer.”
“The real consumer applications tier (Web 3.0 and NFTs) is the latest attraction and is something that will truly scale to the billions, but will be divided into millions of projects and domains (music, art, community, real estate, luxury goods, metaverse, etc.).”
Pal stated that the crypto market in general is still bullish:
“For those of you who also care about the macro, I think we’re getting really close to the setup of buying bonds, buying tech, buying crypto. More to come… We are watching closely but it will probably happen in the next 2 weeks. In the meantime, some patience is needed…”
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.