CEO of Real Vision and former Goldman Sachs hedge fund manager Raoul Pal believes that the cryptocurrencies market value could surge 100 times by the end of this decade.
As of this moment, the total market capitalization of the global cryptocurrencies sector is around $2.2 trillion. 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 made the comparisons between the current benchmarks of other markets and asset classes like equities, real estate, and bonds, adding that they all have a market value between “$250 and $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, the market cap’s going to be something like $250 trillion,” he added.
