CoinDesk reports: Macro expert and CEO of Real Vision, Raoul Pal, stated that the total market value of cryptocurrencies will skyrocket to an astonishing $100 trillion.
In a recent interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive expressed that if the digital asset industry continues to maintain the same growth rate, its total market value will soar by about 44 times in less than ten years.
Pal suggested that the explosion in the total market value of crypto assets will be the biggest wealth creation opportunity in history. “Today’s market value is $2.5 trillion. If we just extrapolate the trend growth rate, it will reach $100 trillion by around 2032,” he said. “Therefore, this is the biggest wealth creation opportunity in human history.”
According to data from CoinGecko, at the time of writing, the total market value of cryptocurrencies is $2.24 trillion.
The macro expert pointed out that when it comes to digital assets and taking on the greatest risk, traders should be cautious about adopting a tribal mentality. “Our job is not to philosophize and tribalize what [to invest in] and then screw it up, our job is to make the most of the opportunities to the maximum extent, balancing how to take risks, because many people’s risks can be as high as 10. No, no, no. If it grows from $2.5 trillion to $100 trillion, you don’t need to take the biggest risk, you just need to grab the majority and then do a little tail on the side,” he expressed.
Pal went on to say that the majority of his cryptocurrency investment portfolio is now allocated to the smart contract platform and Ethereum (ETH) competitor Solana (SOL), as he believes Ethereum and other altcoins have more upside potential than the cryptocurrency king Bitcoin (BTC). “Ninety percent of my liquid net worth is basically allocated to Solana… I don’t have much Bitcoin right now. It doesn’t mean I don’t like Bitcoin, I just think other Bitcoin have gone up more, it’s that simple.”