Raoul Pal: Crypto Sector To Grow 100x To Match Other Major Asset Classes

According to Raoul Pal, the CEO Real Vision and ex-Goldman Sachs executive the overall crypto market still has a lot of room for growth.

Pal appeared in Anthony Pompliano show, and shared his thoughts on the crypto market, which he says is growing at a much 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.”

At the time of writing the total cryptocurrency market cap globally stands at $2.29, according to CoinMarketCap. Bitcoin alone constitutes 45% of the total with over a trillion dollar market cap.

Pal makes a comparison that most major asset classes, such as equities, bonds, and real estate, have a market cap within the range of $150-300 trillion.

Based on that the CEO of Real Vision predicts that the crypto market cap will surge by 100x to come to the same level with other major sectors going forward.

“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.”