Raoul Pal says ‘reasonable chance’ crypto market cap could 100X by 2030

Former
Goldman
Sachs
hedge
fund
manager
and
Real
Vision
CEO
Raoul
Pal
thinks
that
the
crypto
market
cap
could
increase
100X
by
the
end
of
this
decade.

At
the
time
of
writing,
the
total
market
cap
of
the
global
crypto
sector
stands
at
$2.2
trillion,
and
Pal
told
podcast
Bankless
Brasil
“there’s
a
reasonable
chance”
this
figure
could
grow
to
around
$250
trillion
if
the
crypto
network
adoption
models
continue
on
their
current
trajectory.

Pal

drew

comparisons
between
the
current
benchmarks
of
other
markets
and
asset
classes
such
as
equities,
bonds
and
real
estate,
noting
that
they
all
have
a
market
cap
between
“$250-$350
trillion.”

“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.”

“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,”
he
added.

One
thing
is
for
certain,
it’s
not
going
to
get
there
in
a
straight
line
upward.The
total
crypto
market
cap
has
dropped
6.8%
over
the
past
24
hours
amid
a
significant
pullback
across
most
major
assets.
Bitcoin
(BTC),
Ethereum
(ETH)
and
Binance
Coin
(BNB)
are
7.6%,
9%
and
9.1%
within
that
same
time
frame.



Related:




Bitcoin
price
drops
to
$43.7K
after
Fed
minutes
re-confirm
plans
to
hike
rates

The

recent
downturn

may
even
be
a
surprise
to
Pal,
during
an
interview
on
Dec.
27,
the
investor
predicted
that
Bitcoin
would
have
a

strong
start
to
2022

as
he
believed
at
the
time
a
period
of
institutional
sell-offs
and
end
of
year
profit-taking
was
over.

“It
looks
like
they’re
done
because
the
market
has
been
chopping
around
for
the
past
week,
which
was
the
traditional
last
week
of
everybody
squaring
their
books,”
he
said.

In
November,
Pal
predicted
that
the
bull
run
won’t
end
in
December
like
the
previous
cycles
of
2015
and
2017,
and
will
instead
be

extended
until
around
June
.
Pal
cited
heavy
institutional
inflows
in
Q1
as
a
major
reason
behind
this.

read original article here