Crypto Could Become a $250 Trillion Market by 2030, Raoul Pal Says

Crypto Could Become a 0 Trillion Market by 2030, Raoul Pal Says

Real Vision CEO and macro–Guru Raoul Pal said in a recent interview that the total market cap of cryptocurrencies has the potential to increase 100X before 2030.

Pal, a formed Goldman Sachs executive who dabbled into cryptocurrencies such as Bitcoin and Ethereum, appeared on the Bankless Brasil podcast, where he told Odair Faleko that “there is a reasonable chance” cryptocurrency’s current market cap of $2.2 trillion could develop towards $250 trillion. Albeit that that the crypto network will continue its existing momentum.

Pal makes his prediction by considering other multi trillion markets and asset classes such as equities, bonds and real estate, noting that they all have a market cap between “$250-$350 trillion.” Pal said:

“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.”

Pal continued:

“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”

The new year has not kicked off as Pal anticipated it to. At the time of writing, Bitcoin and Ethereum are down 7% and 9% in the last 24 hours. In an interview with The Stakeborg Talks on December 27, Pal predicted a strong start to 2022 when he said that Bitcoin’s recent price volatility was caused by institutional selloffs trying to bump up the end-of-year profits.

“Could have another leg lower, potentially… Could that come out of Asia, which is where a lot of the selling has also come from? Again, possibly… but the probability is that next year ends up seeing a strong start,” he said.

Just before the new year, Pal also explained that Bitcoin and other cryptocurrencies may not have boomed as much as people had hoped for in the second half of 2021, due to lack of disposable income of retail investors.