when

Chainlink

BlackRock

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 <p>The co-founder of blockchain oracle Chainlink (LINK), Sergey Nazarov, is saying that the crypto industry is in the “early to mid-stage” phase of growth.</p>
 <p>According to Chainlink co-founder, the total crypto market capitalization could soar by nearly four times from the current level.</p>
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 <p><i>“The crypto industry in my opinion when it crossed $200 billion got on an inescapable inevitable trajectory to be a large global market that would continue to grow. It’s now at over $2.5 trillion in value and I personally think it could get to $10 trillion on the basis of consumer and retail and hedge fund demand. And I think that market is what large institutions like BlackRock are interested in.”</i></p>
 <p>The Chainlink co-founder says that the traditional finance industry holds the key to pushing the total market cap of crypto above $10 trillion.</p>
 <p><i>“The remaining growth beyond $10 trillion for the crypto industry and the blockchain industry I think will have to happen through all the value that’s locked In traditional financial institutions. And that’s where that process of them generating their own chain, putting those assets on-chain will take the crypto industry way past $10 trillion into the hundreds of trillions [of dollars]. So we’re still kind of in the early to mid-stage of the industry’s development.”</i></p>
 <p>According to Nazarov, the interest shown by legacy asset managers is a sign of what the future holds for the crypto industry.</p>
 <p><i>“Even at $2.5 trillion it’s big enough to justify the largest asset managers investing in resources and building financial products for that market. So I think they’re interested in that market which is a very good sign because that market still has I think multiples of growth left.”</i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/total-crypto-market-cap-primed-to-surge-to-over-10-000-000-000-000-says-chainlink-co-founder-here-s-how-tbt90487.html">https://thebittimes.com/total-crypto-market-cap-primed-to-surge-to-over-10-000-000-000-000-says-chainlink-co-founder-here-s-how-tbt90487.html</a></p>

Total Crypto Market Cap Primed To Surge to Over $10,000,000,000,000, Says Chainlink Co-Founder – Here’s How

TheBitTimes

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