Raoul Pal Predicts $200T Crypto Market Cap In 10 Years, Due To Rapid Adoption

According to market strategist and the CEO of Real Vision, Raoul Pal, crypto markets could witness exponential growth as the cryptocurrencies are being adopted lightning-fast speed.

Pal said in an interview on RT Network’s Going Underground, that the adoption of crypto is happening much faster than any other technology in the past.

“Crypto currently has 150 million users. The adoption rate is 113% a year. It’s basically twice as fast as the fastest adoption of any technology in all recorded history, so it’s happening at lightning pace. Everybody is coming into the space: the institutions, the sovereign wealth funds, retail investors from ETFs (exchange traded funds), nation-states, everybody.”

Regarding regulatory concerns, the former Goldman Sachs executive is not worried. The size and decentralized nature of the space will ultimately make it almost impossible for regulatory bodies to fully control, he argues.

“This something is unique. This is a distributed network of owners around the world from 150 million people that will soon be a billion people, so their ability to control it is almost zero. It’s a fascinating space. It is really anti-establishment at its core and creates a new world based around a kind of distributed ownership and proven ownership of assets that people can’t mess around with.”

Comparing to other traditional financial markets, Pal predicts crypto markets to grow to a total valuation of $200 trillion in the next 10 years.

“Right now, it’s a $2.5 trillion asset class. Most of the major asset classes around the world, equities, bonds, real estate, are between $150 trillion and $350 trillion, so I think this goes to $200 trillion in the next 10 years, so that’s a 100x for an asset class. Mankind has never seen that before, so it’s an opportunity for everybody because everybody can own 10% of their assets in this – everybody – the richest and the poorest.”

At time of writing, the total crypto market capitalization is at $2.87 trillion, according to CoinMarketCap.