Crypto Market Cap Should Explode by ‘5 or 10x’ In Next Bull Market

It has been just revealed the fact that the crypto market cap should explode by 5 or even 10 ten times during the next bull market. Check out the latest reports about this below.

In a recent interview with Altcoin Daily, Raoul Pal, a former Goldman Sachs executive, predicted that there could be a significant increase in the market capitalization of all digital assets during the next bull cycle.

Pal, a macro expert, believes that the adoption of digital assets will increase dramatically, potentially causing the total market cap of crypto to soar by up to 900% from its current value.

He foresees a significant growth in users, from the current 425 million to a billion at the end of the cycle, due to the various use cases, including CBDCs (central bank digital currencies) and stablecoins.

The entire space is expected to grow 2.5 times in the number of users, resulting in a market cap of 5 or 10 times the current value.

We’ve been keeping a close eye on the progress of layer-2 altcoin projects for different purposes, which could potentially increase the value of their respective market caps.

However, it’s still unclear how much value layer-2s can accumulate. Would it require a huge number of transactions? In that case, entities like Ticketmaster with millions of transactions would be necessary to drive value to those chains by batching and then sending them down to Ethereum (ETH).

In other recent news, according to a popular crypto analyst, Bitcoin (BTC) is expected to remain in a bearish cycle for a while.

In a recent strategy session, Nicholas Merten, the host of DataDash, informed his 512,000 YouTube subscribers that Bitcoin’s bearish trend is likely to continue due to the Federal Reserve’s hawkish approach, which has led to a contraction in market liquidity.

Check out our previous article in order to learn more details about this.