Raoul Pal stated that by 2030, a “reasonable opportunity” cryptocurrency market value may increase by 100 times

Raoul Pal, former Goldman Sachs hedge fund manager and CEO of Real Vision, believes that by the end of this decade, the market value of cryptocurrencies may increase by 100 times.

At the time of writing, the total market value of the global cryptocurrency industry is $2.2 trillion, and Pal told the podcast that Bankless Brasil “has a reasonable chance” that if the crypto network adoption model continues the current situation, this number could grow to $250 trillion. about. trajectory.

friend painted Comparing current benchmarks in other markets with asset classes such as stocks, bonds, and real estate, it is noted that their market capitalizations are all “between 250-350 trillion US dollars.”. ”

“If I look at the entire derivatives market, it is $1 trillion. I think this is a $250 trillion asset class, which is 100 times the current value. This will be the fastest growth of all asset classes in history. The biggest reasonable opportunity.”

“This fits very well with the idea that 3.5 billion people are using it-this is just an extrapolation of the growth figures of the network. So if [there are] There will be 3.5 billion users in 2030, and the market value will reach around US$250 trillion,” he added.

One thing is for sure, it will not rise in a straight line. Due to the sharp correction of most major assets, the total market value of cryptocurrencies has fallen by 6.8% in the past 24 hours. Bitcoin (Bitcoin), Ethereum (Ethereum) And Binance Coin (Bitcoin) Were 7.6%, 9% and 9.1% in the same time frame.

related: After the Federal Reserve meeting minutes reconfirmed the interest rate hike plan, the Bitcoin price fell to $43,700

This Recent downturn Pal may even be surprised. In an interview on December 27th, investors predicted that Bitcoin will have a Strong start to 2022 As he believed at the time, the period of institutional sell-offs and year-end profit taking is over.

“It looks like they are done, because the market has been turbulent in the past week. This is the last week of tradition for everyone to flatten their books,” he said.

In November last year, Pal predicted that the bull market would not end in December like the cycles before 2015 and 2017, but would end in December. Extended to around JunePal cited the large inflow of institutional funds in the first quarter as the main reason behind it.