Macro guru and Real Vision CEO Raoul Pal says the total crypto market cap is about to skyrocket to a staggering $100 trillion.
In a new interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive says say that if the digital asset industry continues at the same rate of growth, the total market capitalization will increase approximately 44x in less than a decade.
According to Pal, the explosion in the overall market capitalization of crypto assets will be the biggest opportunity ever to generate wealth.
“It’s a $2.5 trillion market cap today. If we simply extrapolate the trend growth, it will amount to 100 trillion around 2032. So this is the greatest wealth-generating opportunity in all of human history.”
The total crypto market cap is to sit at $2.24 trillion at the time of writing, according to CoinGecko.
The macro guru notes that traders should be wary of adopting a tribal mentality when it comes to digital assets and taking maximum risks.
“Our task in this is not that now [to] get philosophical and tribal [what to invest it] and screw it up, our job is to maximize the opportunities as best we can, and that’s a balance between how you take risks, because a lot of people take a maximum of 10 risks.
No, no, no, see if it goes from $2.5 trillion to $100 trillion, you don’t have to take the maximum risk, you can just take the biggest part and then put a little bit of the tail on the side.
Pal goes on to say that the majority of his crypto portfolio is in smart contract platforms and that Ethereum (ETH) rivals Solana (SOL) as he believes this and other altcoins have more upside potential than crypto king Bitcoin (BTC).
“90% of my liquid assets are actually allocated to Solana right now… I don’t have much Bitcoin at the moment. That doesn’t mean I don’t like Bitcoin, I just think the others are rising more, it’s as simple as that.”
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