Gold

Trillion

Raoul Pal, a well-known figure in the financial sector, <a href="https://x.com/RaoulGMI/status/1790009238829273453" target="_blank" rel="noopener nofollow">provided</a> a striking forecast for the future of cryptocurrencies. 
His analysis suggests a potential rise in the <a href="https://bitcoinist.com/hong-kong-spot-bitcoin-ethereum/" target="_blank" rel="noopener ">market’s total capitalization</a> to $100 trillion, spurred by global liquidity trends and technological adoption. 
<h2 id="the-mechanics-behind-the-prediction">The Mechanics Behind The Prediction</h2> 
Pal’s insights are rooted in his observation of the global liquidity cycle, which has been shaping macroeconomic trends since 2008. He notes that this cycle has played a crucial role in driving asset growth, particularly in the technology and crypto sectors. 
In addition, Pal noted that the depreciation of fiat currencies, necessitated by the need to service growing global debt, is pushing asset prices higher. 
This, combined with the rapid adoption rate of cryptocurrencies—reminiscent of the internet’s exponential growth—sets the stage for a monumental increase in market capitalization. 
<blockquote class="twitter-tweet"> 
 On a long-term time horizon it looks like this. This I believe is the adoption curve that takes crypto market cap from $2.5trn to $100trn over time. <a href="https://t.co/gPsGkJdB8F" target="_blank" rel="noopener nofollow">pic.twitter.com/gPsGkJdB8F</a> 
 — Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1790009238829273453?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">May 13, 2024</a>
</blockquote> 
Pal’s view is supported by Chris Burniske, the former head of cryptocurrencies at ARK Invest, who <a href="https://x.com/cburniske/status/1790066147657703778" target="_blank" rel="noopener nofollow">concurs</a> with the bullish outlook. Burniske envisions the <a href="https://bitcoinist.com/analyst-set-8-trillion-target-for-crypto-market-cap/" target="_blank" rel="noopener ">digital currency market</a> reaching $10 trillion soon and potentially soaring to $100 trillion. 
<h2 id="broader-crypto-market-perspectives">Broader Crypto Market Perspectives</h2> 
This optimistic forecast is not isolated. Brad Garlinghouse, CEO of Ripple, also projected significant growth for the crypto market, predicting it could reach $5 trillion by the end of 2024. 
Garlinghouse’s comments, made in <a href="https://bitcoinist.com/ripple-ceo-crypto-market-to-hit-5-trillion/" target="_blank" rel="noopener ">interviews with CNBC</a> and Fox, emphasize the <a href="https://bitcoinist.com/ripple-ceo-weighs-in-his-5-trillion-crypto-market/" target="_blank" rel="noopener ">influence of macroeconomic factors like spot ETFs</a> in attracting institutional money into the market. He suggested that decreasing supply and increasing demand could even mean his prediction might be conservative. 
Further supporting the bullish sentiment, Bernstein, a financial services firm, issued an “outperform” rating on Robinhood, anticipating a near tripling of its cryptocurrency revenue by 2025. 
In doing that. Bernstein’s analysis predicts the <a href="https://bitcoinist.com/total-crypto-market-cap-to-hit-7-5-trillion-next-year/" target="_blank" rel="noopener ">total market value of cryptocurrencies could hit $7.5 trillion</a> by 2025, driven by a massive market expansion. 
Despite these optimistic projections, the cryptocurrency market currently stands at $2.36 trillion, experiencing a slight downturn of 1.5% over the past 24 hours. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/1kxCb4Ib/" alt="The global crypto market cap value on TradingView" width="2770" height="1496"> 
This decline is mirrored in the performances of Bitcoin and Ethereum, which saw reductions of 1.8% and 2.1%, respectively. 
Notably, Dan Tapiero, the cofounder of Gold Bullion International and 10T Holdings, has recently expressed an extremely positive outlook on Bitcoin’s future based on current chart patterns. 
In a recent tweet, Tapiero highlighted two charts that indicate a very promising trend for Bitcoin. He predicts that the leading crypto will soon surpass the $65,000 mark, followed by a climb to $90,000, with the potential for even further gains. 
<blockquote class="twitter-tweet"> 
 Starting to look scary bullish for <a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#BITCOIN</a> 
 Break of 65k goes right to 90k…and then more.. 
 Very clear sideways overlapping flag type consolidation nearly done. 
 Mkts always surprise. 
 Specific catalyst unclear but it doesn’t matter. 
 DFTU as <a href="https://twitter.com/RaoulGMI?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">@RaoulGMI</a> preaches. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/KcFAwH1H80" target="_blank" rel="noopener nofollow">pic.twitter.com/KcFAwH1H80</a> 
 — Dan Tapiero (@DTAPCAP) <a href="https://twitter.com/DTAPCAP/status/1790247464110293170?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">May 14, 2024</a>
</blockquote> 
Featured image from Unsplash, Chart from TradingView

Is The Crypto Market Headed For A $100 Trillion Boom? This Expert Thinks So

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