Former Goldman Sachs executive and Real Vision co-founder Raoul Pal has revealed he believes the total market capitalization of bitcoin and all other cryptocurrencies will grow to surpass $100 trillion, up from its current $1.7 trillion.
In a tweetstorm, Pal told his over 400,000 followers that most traditional investors fail to see the potential in cryptocurrencies because they believe assets often revert back to their mean on their mean over time, and “therefore everything looks like a bubble or a misallocation of capital.”
Pall added that while a lot of projects in the nascent cryptocurrency space will eventually die off, those that survive will attract users and create a network effect, allowing the entire ecosystem to grow.
