Macro Guru Raoul Pal Says Crypto and Web3 Are About to Explode 300x in Market Cap – Here’s His Timeline
Macro expert and former Goldman Sachs CEO Raoul Pal predicts an unprecedented rate of growth in the market capitalization of cryptocurrencies and Web3 projects.
In a new Google Tech Talks interview, Pal says that crypto’s market cap of around $1 trillion could explode to $300 trillion in just a decade.
Pal bases his forecast on the amount of activity he already sees around crypto and Web3, along with the potential for growth. He says venture capital (VC) investments are flooding crypto and Web3 as they attract some of the biggest players in technology and finance. He adds that when the macroeconomic turmoil subsides, the market value will rise.
“All the major Web2 players are involved. Everyone in the financial system is involved – everyone. You simply don’t see it, because they are moving forward cautiously due to regulatory issues. But everyone knows that this is where it all goes. I’ve never seen anything like it in person. It’s kind of like the internet, but it’s just faster and actually larger in scale, which sounds crazy, but it’s because it attributes value to these protocol layers.
So there’s this huge value addition that’s coming. If I compare where we are now, call it a trillion dollars of valuation of digital assets. Well, almost all of the traditional asset markets are $200 trillion to $300 trillion each. We’re going to get there in probably 10 to 15 years.”
Pal says the accumulation of value in the crypto markets will be the “fastest and largest the world has ever seen.”
“Bigger than oil. Bigger than the internet. It’s a very, very different thing. It’s quite the phenomenon. The point is, as soon as the macro is ready… everyone is going to start. And don’t forget everyone has invested VC in this space already… So the $60 billion of VC money that went in over the last 18 months, because of the speed of the cycle in crypto, we’re going to see a whole lot products and new changes and new innovations are coming in the next six to 12 months, and we will move the whole narrative forward exponentially again.”
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