Raoul Pal: There is a "reasonable possibility" that the market value of cryptocurrencies will reach $ 250 trillion by 2030.

“I think cryptocurrencies could turn into $ 250 trillion in assets at 100 times their current value,” said Raul Pal.

Raoul Pal, former hedge fund manager at Goldman Sachs and CEO of Real Vision, estimates that the market value of cryptocurrencies could increase 100-fold by the end of 2010.

At the time of writing, the total value of the global cryptocurrency market is $ 2.2 trillion, Pal said in a Bankless Brasil podcast that the figure is "potentially interesting" if the adoption model is small. . Yes, it will increase to $ 250 trillion.

Comparing current market standards in other real estate markets such as real estate, contracts and real estate, Pal refers to the market capitalization of "$ 250 billion to $ 350 trillion".

"I think cryptocurrencies have grown into an asset of $ 250 trillion, 100 times more than they are today. They have the potential to become the largest asset in history in no time. . "

“That would fit very well with the idea that 3.5 billion people would use it. This is just another addition to the growing network data. So if users reach 3.5 billion by 2030, the market value will reach $ 250 trillion. "

One thing is certain, this will not happen right away. Over the past 24 hours, the overall market value of the crypto market has fallen 6.8% due to the sharp correction in most major assets. At the same time, Bitcoin, Ethereum and Binance Coins (BNB) fell by 7.6%, 9% and 9.1% respectively.

The recent downturn will take Pal by surprise. In an interview on December 27, the trader predicted that Bitcoin would gain momentum from 2022. Because he believed in selling schools and reversing last year's gains. The time for vomiting is over.

“The market changed last week and I think it was too late because last week was the last week for everyone to review their books,” he said.

In November, Pal predicted that the current livestock market would not end in December like in 2015 and 2017, but would continue until June. Pal pointed out that the massive expansion of the banking sector in the first quarter was the main reason.