Crypto Boom Ahead: Global Users To Explode to 1,200,000,000
An interesting development has emerged as the ex-Goldman Sachs executive, Raoul Pal, predicts that the number of crypto users worldwide will skyrocket to over one billion. Crypto boom ahead As the CEO of Real Vision and...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
An interesting development has emerged as the ex-Goldman Sachs executive, Raoul Pal, predicts that the number of crypto users worldwide will skyrocket to over one billion.
Crypto boom aheadAs the CEO of Real Vision and Global Macro Investor, he shares with his nearly one million Twitter followers a chart that compares the adoption of the internet and crypto over their respective initial ten years.
This chart suggests that digital asset users could reach 1.2 billion by December 2025. Pal has been monitoring this chart for several years and found it to be consistently accurate.
He believes that the adoption of crypto is unstoppable and is likely to surpass the 43% adoption rate of the internet in the next three years.
Pal predicts that the number of global crypto users could climb to 5.1 billion by 2030, thanks to the increasing popularity of central bank digital currencies (CBDCs) and non-fungible tokens (NFTs).
Looking ahead to 2026, it seems that CBDCs and NFTs for tickets, identification, and other purposes will play a significant role.
Additionally, Pal expresses his opinions on Worldcoin (WLD), a biometric cryptocurrency venture that recently introduced its token.
The CEO of Real Vision suggests that a digital identity is necessary for humanity, and Worldcoin offers a potential solution.
Institutional capital flowAltcoins are gaining favor among institutional investors, despite Bitcoin and the overall market experiencing outflows for two weeks in a row. This information comes from CoinShares, a digital assets manager, which reported that digital assets have received almost half a billion in inflows at the midway point of 2023.
Last week, digital asset investment products experienced minor outflows of US$21m and trading volumes were lower than the weekly average so far this year, with US$915m total.
This trend was also observed in the Bitcoin market, which saw a total of US$16bn traded last week on reliable exchanges, compared to the weekly average of US$52bn this year. As we reach the halfway point of the year, digital assets have seen just under US$0.5bn of inflows.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Perplexity AI Predicts Insane $40 Price Target for XRP: How Did It Get There?
Perplexity AI predicts something that few analysts or other AI models do. It has produced an insanely wild bullish prediction for...
Kalshi nears roughly $1 billion raise at about $40 billion valuation ahead of possible IPO
Kalshi's rapid valuation growth highlights the potential and regulatory risks of prediction markets, especially in sports-related...
Senate Republicans introduce crypto tax bill targeting digital assets
The bill's focus on crypto taxation may signal a shift towards detailed regulatory frameworks, influencing market sentiment and fu...
Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028
Standard Chartered expects Ethena’s ENA token to rise about sevenfold by 2028, provided the protocol can rebuild its shrinking syn...
Stablecoin cards enter ‘hyper growth’ mode as monthly spending hits record $1.17 billion
Stablecoin card spending is accelerating to record levels, but the payment rail remains a fraction of the traditional card market....
Bitcoin Price Tests $83,000 Ahead of Key PCE Inflation Release
Bitcoin price is trading at $83,000 ahead of the August core PCE release, just 0.71% above its $82,700 24-hour low, leaving a narr...