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Finance CEO Raoul Pal Says Cryptocurrency Will Reach $100 Trillion Market Cap
Raoul Palthe co-founder and CEO of Real Vision Group, predicted that the global cryptocurrency market will reach a market cap of $100 trillion. The financial expert maintained a strong bullish stance for the future of the industry, outlining several reasons why he believes the market will jump 44X from its current market cap.
Cryptocurrency Market to Reach $100 Trillion Market Cap
In a recent Interview on YouTube on the Blockworks Macro channel, Pal predicted that the total cryptocurrency industry market capitalization could jump from $2.5 trillion to $100 trillion in less than a decade. The financial expert revealed that if the market maintains a steady growth rate and continues to evolve at a rapid pace, then it could see its market cap increase by as much as 44X.
In a previous post on X (formerly Twitter), Pal revealed that assets like crypto and technology perform extremely well during secular trends based on adoption. He highlighted that this growth rate was double that of speed of internet adoption when comparing active wallets and IP addresses.
The analyst based his $100 trillion cryptocurrency market cap on the cryptocurrency industry adoption ratehighlighting that the growing number of cryptocurrency users will have a huge impact on the market value. Furthermore, in the interview, Pal advised against making unnecessary decisions investment risks when getting involved with cryptocurrencies.
He revealed that the goal should be maximize investment opportunities without engaging in tribal or philosophical debates. He emphasized that with the cryptocurrency market potentially reaching a $100 trillion market capThere is no need to take on excessive investment risk. Instead, investors must balance risk and opportunity by utilizing the right portfolio management strategies to effectively capture the majority of market gains.
Market liquidity may continue until 2025
During the YouTube interview, Pal predicted that the current market liquidity cycle could extend until 2025. The CEO of Real Vision disclosed that since 2008 there has been a notable cyclicality in global liquidity. Diving into the nuances of what he calls “The Everything Code,” Pal revealed that the current market cycle is significantly driven by the growth of market assets such as stocks, cryptocurrency and technology.
He noted that the market was shifting to a “Macro Summer”, marked by the growth of liquidity and often associated with the “Banana Zone.” According to Pal, the banana zone is a period of significant upward price movements, where market indicators turn bullish, signaling the start of a new bull run.
The financial expert emphasized that the global liquidity cycle tends to have a predictable pattern that influences economic activities. He highlighted several factors that can also impact the cryptocurrency market cycle, including the upcoming US Presidential Elections and a potential rate cut by the Federal Reserve.
Featured image from Pexels, chart from TradingView