Former Goldman Sachs Executive predicted that the current market cap of crypto will be surged by 100 folds in the next year 10 years.
The whole crypto industry is full of opportunities, for those who can understand the trend and growth of this market according to demand and interest. Because of the increasing trend of adoption of this market because of its unique technology and use cases, many rich and wealthy people are trying to go with this trend and also financial institutions are moving toward this industry.
Raoul Pal is a former executive of Goldman Sachs. Pal have huge experience in the financial market. Before 2005, Pal co-managed GLG Global Macro Fund. After 2005, he founded Global Macro Investor (GMI). Right now he is enjoying his life as CEO of the Real Vision, which is a type of video channel dedicated to finance and business.
Recently, Pal appeared in an interview with the Bankless Brasil podcast.
According to Pal all the Markets like equities, bonds and real estate, will have more than $250-$350 Trillion Market Cap.
“If I look at the total derivatives market, it’s $1 quadrillion. I think there’s a reasonable chance of this being a $250 trillion asset class, which is 100x from here, which would be the largest growth of any asset class in all of history in the shortest period of time.”
Pal noted that his prediction that 3.5 billion people to use this crypto industry, will soon coincide in coming years.
In particular, Pal pointed out that regulation and rules on the crypto less Known or less popular assets may significantly face impact in terms of price.
“Whether we keep (up) that log trend and keep hitting the bottom (with) a sharp selloff down 50% and back up again, or whether we trend sideways for a year. I think we’ll see both types of those price actions.”