n a recent interview, former Goldman Sachs executive Raoul Pal predicted that crypto is on pace to more than 100x its market capitalization to $250 trillion within a decade.
Prior to founding macroeconomic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm GLG Partners (which is now called “Man GLG”). Before that, Pal worked at Goldman Sachs, where he co-managed the European hedge fund sales business in Equities and Equity Derivatives. Currently, he is the CEO of finance and business video channel Real Vision, which he co-founded in 2014.
Pal’s comments about the crypto market were made during a recent interview for the Bankless Brasil podcast. He pointed to similar asset classes around the world, such as equities, bonds, and real estate, noting that they all averaged a market cap around $250 – $350 trillion.
As reported by The Daily Hodl, Pal said:
Pal said his prediction would coincide with massive adoption for crypto in the coming years, including saying that “3.5 billion people” would be using digital assets and crypto networks. He claimed his prediction was consistent and “straightforward” when looking at network adoption models, which would ultimately lead to the market cap of crypto turning exponential.
Pal also commented on the influence of regulations on lesser-known altcoins, claiming that it could have significant ramifications for the price of certain digital assets.