The Optimism of Crypto Experts
Another bold forecast was made by Raoul Pal, a renowned financial industry expert regarding the future trend of cryptocurrency. This time, he projects that the crypto market might reach 100 trillion USD. He based his forecast on his research of global liquidity trends that started since the 2008 housing crisis. The increasing global market liquidity plus technological developments have given the crypto market a favorable environment for rapid growth. He foresees that digital currencies are following an exponential growth curve, observing similarities between the present direction of mainstream crypto endorsement and the internet’s early explosive acceptance.
Other key personalities in the sector share Pal’s interpretation. Brad Garlinghouse, the CEO of Ripple foresees the same thing. By the end of the year, he believes that cryptocurrencies will become more widely accepted and integrated into the world financial system. Chris Burniske, a noted industry commentator also came up with a similar number as Pal predicted. Forecasts like this express the optimism among crypto experts that the space is ripe for explosive growth.
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