Markets
Total Cryptocurrency Market Cap Set to Explode Over 44x to $100,000,000,000,000, Says Raoul Pal – Here’s Why
Macroeconomics guru and CEO of Real Vision Raoul Pal says the total value of the cryptocurrency market is set to skyrocket to a staggering $100 trillion.
In a new interview on the Blockworks Macro YouTube channel, former Goldman Sachs executive it says that if the digital asset sector continues at the same growth rate, its total market value will increase by about 44 times in less than 10 years.
According to Pal, the explosion in the total market value of crypto assets will be the biggest wealth creation opportunity ever.
“Today, it’s a market cap of $2.5 trillion. If we just extrapolate the trend rate of growth, it’s going to be $100 trillion by 2032. So this is the biggest wealth creation opportunity in all of human history.”
The total cryptocurrency market cap is seated at $2.24 trillion at the time of writing, according to CoinGecko.
The macroeconomics guru notes that traders should be careful about adopting a tribal mindset when it comes to digital assets and taking maximum risk.
“Our work here is no longer [to] get philosophical and tribal about [what to invest it] and screw it up, our job is to maximize the opportunity as best we can, and that’s a balance of how you take risks, because a lot of people take risks that are maxed out at 10.
No, no, no, look at going from $2.5 trillion to $100 trillion, you don’t have to take maximum risk, you can just capture most of it and then do a little bit of the tail on the side.”
Pal goes on to say that the majority of his cryptocurrency portfolio is in smart contract platforms and Ethereum (ETH) rival Solana (SUN) because he believes that this and other altcoins have more potential for appreciation than the king of cryptocurrencies, Bitcoin (BTC).
“90% of my liquid net worth is basically allocated to Solana right now… I don’t have a lot of Bitcoin right now. It doesn’t mean I don’t like Bitcoin, I just think the others go up more, simple as that.”
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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 aware 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.
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