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Macro guru and Real Vision CEO Raoul Pal says the crypto markets could be on the verge of exponential growth as the space sees lightning-fast adoption.
“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.”
In other trending Bitcoin News today: Here’s Why Bitcoin Will Not Go to $100,000 This Year, According to Crypto Analyst Nicholas Merten!
Crypto analyst Nicholas Merten says that while he’s bullish on Bitcoin, predictions of BTC going to $100,000 this year are likely overly optimistic.
“There’s no way we are going to a $100,000 or $150,000 in Q4 of this year or Q1 of next year. I’m sorry. I’m going to have to say it because I think a lot of the analysts are getting this wrong…
If we’re talking about the perspective of going to $3 or $4 trillion (market cap), around that $150,000 to $200,000 range, it’s going to take a lot of liquidity, and along with that as well, some time to get there. And that’s why we have our expectation of a cycle top coming in November of 2022, far-out than probably 90-95% of market projections.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/vaneck-bitcoin-futures-etf-to-launch-on-cboe-on-nov-16