A Former Goldman Sachs Executive Predicts That the Cryptocurrency Market Will Reach $250 Trillion Within a Decade

In a recent interview, former Goldman Sachs executive Raoul Pal estimated that cryptocurrency’s market valuation would more than 100fold reach $250 trillion during the next decade.

Pal co-managed the GLG Global Macro Fund in London for global asset management business GLG Partners (which is now named “Man GLG”) prior to creating macroeconomic and investment strategy research service Global Macro Investor (GMI) in 2005. Pal formerly worked at Goldman Sachs, co-managing the European hedge fund sales division in Equities and Equity Derivatives. He is now the CEO of Real Vision, a finance and business television channel he co-founded in 2014.

Pal made the remarks on the crypto market during a recent interview with Bankless Brasil. He cited comparable asset classes throughout the globe, including stocks, bonds, and real estate, stating that they all had a market capitalization of between $250 and $350 trillion on average.

Pal said, as published by The Daily Hodl: If I take the derivatives market as a whole, it is worth $1 quadrillion. I believe there is a good potential that this asset class will rise to $250 trillion, or 100 times its current size, which would be the fastest expansion of any asset class in history.

Pal predicted that substantial acceptance of cryptocurrency will occur in the following years, stating that “3.5 billion individuals” would use digital assets and crypto networks. He said that his prognosis was consistent and “straightforward” when considering network adoption patterns, which would eventually result in crypto’s market value growing exponentially.

Pal also discussed the impact of laws on lesser-known cryptocurrencies, stating that they might have a significant impact on the price of some digital assets.

He elaborated: Whether we maintain that log pattern and continue to strike bottoms with a big selloff down 50% and then back up, or whether we trend sideways for a year. I believe we will see both of those price movements.

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