Thursday, October 21, 2021

Real Vision’s Raoul Pal Says Cryptocurrencies Will Generate The Largest Generation Of Wealth In The Shortest Period Of Time

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  Pal says in a new interview with Anthony Pompliano that the crypto market is growing at a faster rate than the internet did.

We’ve never seen anything like this. Extrapolate the math, you get out to 1 billion people by 2024. So this is going to happen really, really fast. By the end of the decade, you’re probably at 3.5-4 billion people, so most of the world.”

“I’ve just got a chart of adoption of the internet, and crypto matches it beautifully, except the internet was growing 63% a year when it had 150 million users, which crypto has now. So it was growing at 63% a year crypto is growing at 113%, so this is double the adoption rate of the fastest adoption of technology in all recorded history.

The global cryptocurrency market cap is $2.31 trillion at time of writing, according to CoinGecko.

Pal notes that most major asset classes, including equities, bonds, and real estate, sit within the $150-300 trillion range.

The former Goldman Sachs executive thinks the crypto market cap will surge by 100x to match those other sectors.

“I think a roughly fair value to fit in with the other asset classes is $200 trillion. So it’s 100x. We’ve never had an asset do 100x of that kind of magnitude in all recorded history.

Watch the full interview here.

We’ve never seen it before, none of us have lived through this. So this is, I think, going to be the largest generation of wealth that the world has seen in the shortest period of time.”

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