Markets
Total Cryptocurrency Market Cap Is About To Explode More Than 44X To $100,000,000,000,000, Says Raoul Pal – Here’s Why
Raoul Pal, macroeconomics guru and CEO of Real Vision, claims that the total market capitalization of cryptocurrencies is about to skyrocket to a staggering $100 trillion.
In a new interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive said that if the digital asset sector continues to grow at the same rate, its total market capitalization will increase by approximately 44 times in less than 10 years.
According to Pal, the explosion in the total market capitalization of crypto assets is going to be the biggest wealth creation opportunity ever seen.
“The current market capitalization is $2.5 trillion. If we just extrapolate the trend growth rate, it will reach $100 trillion by 2032. So this is the greatest wealth creation opportunity in human history.”
The total market capitalization of cryptocurrencies is session at $2.24 trillion at the time of writing, according to CoinGecko.
The macroeconomics guru notes that traders should be wary of adopting a tribal mentality when it comes to digital assets and taking on maximum risk.
“Our work in this area is no longer [to] getting philosophical and tribal about [what to invest it] and mess it up, our job is to maximize the opportunity as best we can, and it’s a balance in how you take risks, because a lot of people go to the max at 10 risks.
No, no, no, look, if it goes from $2.5 trillion to $100 trillion, you don’t need to take the maximum risk, you can just capture the big one and then do a little tail on the side.
Pal goes on to say that the majority of his cryptocurrency portfolio is in smart contract platforms and Ethereum (ETH) rival of Solana (GROUND) because he believes that it and other altcoins have more upside potential than crypto king Bitcoin (Bitcoin).
“90% of my liquid net worth is currently in Solana… I don’t have a lot of Bitcoin right now. That doesn’t mean I don’t like Bitcoin, I just think other people are going higher, it’s that simple.”
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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