Once again the co-founder of Real Vision, Raoul Pal, “infected” all his crypto followers in Twitter by ensuring that the crypto market capitalization can rise at least 100 times from its current valuation.
The “crypto mania” spreads
On March 7, Raoul Pal shared bullish sentiment regarding the crypto market as he ensured that its market capitalization could rise even 100 times from its current valuation.
It is worth remembering that the crypto market capitalization is calculated as the sum of the price of each crypto multiplied by the number of cryptocurrencies in circulation.
Therefore, ensuring to some extent that the crypto market capitalization will increase by such magnitude can come from two sources. A price increase or an increase in circulating crypto.
Since the latter does not increase at such a speed and has a limit, Raoul Pal’s perspective is based on a price increase mainly.
You can accept change or fight it
In this sense, Pal began his Twitter thread mentioning how fascinating it is to observe how the world begins to be curious about the crypto industry and, beyond being curious, seeks to understand it.
Therefore, it argues that, although not all projects in the crypto market will survive, “As the Internet of Value and Trust Accelerates. Old business models and, perhaps, bigger than perhaps the Internet itself will disappear ».
He also added that “This sounds great and hyperbolic, but the TAM (Total Addressable Market) of value transfer, storage and accumulation is the largest and most valuable on Earth».
In this way, Pal argues that the crypto market “It will not be a $ 1.7 trillion ecosystem as it is today. But an ecosystem of several hundred trillion dollars eventually.
Thus Pal adds that «you can accept change or fight against it, but you owe it to yourself to understand it, as the pace of innovation is also exponential».
We want to know your opinion. When could the crypto market reach a market capitalization similar to what Pal projects? Will it be thanks to the bull run of Bitcoin? Or, conversely, could another crypto leader emerge? Leave us your comment!