Raoul Pal Says Bitcoin and Crypto Will Soar to $100 Trillion Market Cap – Here’s Why

Macroeconomics guru and Real Vision co-founder Raoul Pal believes that the market cap of Bitcoin and crypto can soar at least 100x from its current valuation of about $1.7 trillion.

In a new tweetstorm, former Goldman Sachs manager tells his 419,800 followers that many traditional investors fail to see the potential of the crypto markets as they believe assets often revert back to their mean or their average price over time.

“I’m finding it fascinating to see traditional finance and business people first trying to get their heads around BTC, then other crypto protocols, then DeFi (decentralized finance) and now NFTs (non-fungible tokens). At every single stage in the rapidly evolving ecosystem, they have used mean-revertionist thinking as opposed to exponential network effects analysis and therefore everything looks like a bubble or a misallocation of capital.”

Pal adds that while many projects in the crypto space will die, those that survive will attract more participants which will take the industry to greater heights.

“As thousands of projects, all pushing boundaries, go through the same survive-or-die and then network effects, the entire ecosystem rises.”

The Real Vision executive also says he believes the digital asset revolution will facilitate the transfer and creation of wealth to the tune of hundreds of trillions of dollars.

“As the internet of value and trust accelerates, it is going to destroy more large old business models than maybe the internet itself. I know this sounds grandiose and hyperbolic, but the TAM (total addressable market) of the transfer, storage, accretion of value is the largest and most valuable on Earth…

This space will not be a $1.7 trillion ecosystem as it is today but a multi-hundred trillion dollar ecosystem eventually. You can embrace change or fight it, but you owe it to yourself to understand it as the pace of innovation is going exponential too.”

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