dailyhodl.com
Real Vision chief executive Raoul Pal thinks crypto will become the fastest-growing asset class in world history.
In a new interview with Bankless Brasil, Pal says crypto’s market cap could skyrocket by 100x within the next decade.
Crypto’s current overall market cap is about $2.2 trillion.
“If I look at all the other asset classes around the world – equities, bonds, real estate – they’re all 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. It’s straightforward with just using network adoption models.”
Pal adds that impending crypto regulation around the globe presents less downside for major cryptos but is a huge risk for smaller, riskier altcoins.
“I don’t know the format of where we go.
Whether we keep [up] that log trend and keep hitting the bottom [with] a sharp selloff down 50% and back up again, or whether we trend sideways for a year. I think we’ll see both types of those price actions.”