Here is the article mentioned in the article:
Raoul Pal is a noted crypto advocate.
In this video I discuss a video where he make the prediction of a $100T market cap in 10 years in crypto. I lay out my case why this might be too low although my view might be a bit broader.
▶️ 3Speak
Reading the earlier part of the article, I like that idea that altcoin will outperform Bitcoin.
Well if you look at the simply numbers, if we take this in totality, it should dwarf Bitcoin.
That is where builders enter.
Wow that is a gigantic prediction meaning crypto has a very huge future ahead of it self.
$100T!? That would be a very large economy in crypto sphere. But honestly, with the current trend of things in crypto, this prediction looks attainable
Market cap and GDP are different metrics. We would assume the economy would have to be huge to warrant that value.
Of course, what is the economy of the Internet today? It is already tens of trillions.
This is interesting. 100T market cap seems insane from a single company, but when considering the whole crypto, that does seem a bit low. BTC is already past 1T, and ETH is around 400B. Once ETH gets ETFs, it would be easy for it to reach 1T as well. Then we have to consider stablecoins that are increasing in popularity. These are the state while crypto is still not used by the majority of the public. Once it becomes more mainstream, the marketcap will increase significantly.
What about tens of thousands of tokens having market caps of a million dollars each?
It will be realistic. If we are tokenizing everything, there are going to be tens (hundreds) of thousands of entities that are worth over a million dollars.
That's indeed a big prediction and I must say it's crazy but let's watch and see how it goes