Macro guru and Real Vision CEO Raoul Pal says that the total crypto market cap is primed to skyrocket to a staggering $100 trillion.
In a new interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive says that if the digital assets industry continues on with the same rate of growth, its total market cap will shoot up about 44x in less than 10 years.
According to Pal, the explosion of the total market cap of crypto assets is going to be the greatest wealth generating opportunity ever.
“It’s a $2.5 trillion market cap today. If we just extrapolate out the trend rate of growth, it gets to 100 trillion by about 2032. So this is the biggest wealth generating opportunity in all human history.”
The total crypto market cap is sitting at $2.24 trillion at time of writing, according to CoinGecko.
The macro guru notes that traders should be wary of adopting a tribal mentality when it comes to digital assets and taking on maximum risk.
“Our job within this is now not [to] get philosophical and tribal about [what to invest it] and screw it up, our job is to maximize the opportunity to the best we can, and that’s a balance of how you take risk because a lot of people go max 10 risk.
No, no, no, look if it’s going from $2.5 trillion to $100 trillion, you don’t need to take max risk, you can just capture the bulk and then do a bit of the tail on the side.”
Pal goes on to say that most of his crypto portfolio is in smart contract platforms and Ethereum (ETH) rival Solana (SOL) as he believes it and other altcoins have more upside potential than crypto king Bitcoin (BTC).
“90% of my liquid net worth is basically allocated right now to Solana… I don’t have much Bitcoin right now. Doesn’t mean I don’t like Bitcoin, I just think the others go up more, simple as that.”
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The post Total Crypto Market Cap Primed To Explode by Over 44x to $100,000,000,000,000, Says Raoul Pal – Here’s Why appeared first on The Daily Hodl.