Raoul Pal Predicts The Value Of Crypto Assets To Surge 100x By 2030

According to the Founder and CEO of Real Vision, Raoul Pal, crypto assets could see a 100x value explosion by 2030, due to collapsing fiat currencies.

Speaking in an interview with Goko Group, Pal compares the rise of cryptocurrencies to the Internet boom in the 1990s, saying that people are buying into digital assets at much faster pace than to the world wide web.

“The Internet grew at 63% a year in terms of number of users from 1990 to 2000. In 1997, there were 150 million users of the Internet…the fastest growth of any technology the world had ever seen…

So here we are today in cryptocurrencies, they’ve also been around 10 years. Currently, there are 150 million users, but the network is growing at 113% per year, so it’s twice the speed of growth of the fastest technology the world has ever seen. We’ve never seen anything like this.

What this is, is the network of money, and it’s exploding in size. It’s a $2 trillion asset class currently as of today. If we look at the other major asset classes around the world – equities, bonds, real estate, they kind of range between $150-$300 trillion US dollars. So these digital assets, if we just follow the adoption curve that we’re looking at, they will get to a $200 trillion asset class by 2030.”

According to the macro guru crypto is outperforming other asset classes in terms of hedging against the rapid creation of new money. Traditional assets such as real estate, which seem to go up in value, are actually flat-lining when taking the creation of new currency into account, Pal argues.

“Central banks around the world, the G4 big central banks, are printing currency at the rate of about 15% per year. So your hurdle on your investments is now 15% a year or you’re getting poorer…and crypto is one of the only things that outperforms the central bank balance sheets.

So I checked this, I looked at real estate prices in Germany against the European Central Bank (ECB) balance sheet. [It was] flatline, they’re the same thing. Well, German real estate looks like it’s going up. Swedish real estate, UK real estate, Australian real estate, Canadian real estate, US real estate, they’re all the same. What they’re doing is reflecting the fall in the value of the currencies created by central banks creating too much currency.”