Real Vision CEO and macro guru Raoul Pal thinks crypto’s overall market cap still has a gigantic amount of room to grow.
Pal says in a new interview with Anthony Pompliano that the crypto market is growing at a faster rate than the internet did.
“I’ve just got a chart of adoption of the internet, and crypto matches it beautifully, except the internet was growing 63% a year when it had 150 million users, which crypto has now. So it was growing at 63% a year [and] crypto is growing at 113%, so this is double the adoption rate of the fastest adoption of technology in all recorded history.
We’ve never seen anything like this. Extrapolate the math, you get out to 1 billion people by 2024. So this is going to happen really, really fast. By the end of the decade, you’re probably at 3.5-4 billion people, so most of the world.”
The global cryptocurrency market cap is $2.31 trillion at time of writing, according to CoinGecko.
Pal notes that most major asset classes, including equities, bonds, and real estate, sit within the $150-300 trillion range.
The former Goldman Sachs executive thinks the crypto market cap will surge by 100x to match those other sectors.
“I think a roughly fair value to fit in with the other asset classes is $200 trillion. So it’s 100x. We’ve never had an asset do 100x of that kind of magnitude in all recorded history.
We’ve never seen it before, none of us have lived through this. So this is, I think, going to be the largest generation of wealth that the world has seen in the shortest period of time.”
Watch the full interview here.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tuso chakma
The post Real Vision’s Raoul Pal Says Crypto Will Spark the Largest Generation of Wealth in the Shortest Period of Time appeared first on The Daily Hodl.