Loading…
Loading…
Real Vision CEO Raoul Pal believes that the cryptocurrency user base is poised for exponential growth, projected to reach 4 billion users by 2030, describing it as the “perfect chart.”
Accelerated Adoption Trend
In a recent YouTube video, Raoul Pal compared the rapid expansion of the internet, which grew at a rate of 76% annually before slowing down to 43% after eight years, to the current trajectory of cryptocurrencies. He noted that the crypto sector has been growing at an impressive rate of 137% per year, boasting 516 million users compared to the internet’s 187 million at a similar stage.
This significant disparity underscores the remarkable pace at which cryptocurrencies are being embraced, surpassing the early stages of internet adoption.
Projections for Cryptocurrency Growth
Pal outlined his approach to forecasting, stating, “Assuming crypto follows a growth trajectory similar to that of the internet, albeit likely faster, we anticipate reaching 1.1 billion users by the end of 2025.” By extrapolating this trend and aligning it with the internet’s post-expansion phase, Pal’s projection indicates a user base of four billion by 2030, encompassing a substantial portion of the global population.
Also Read: Analyzing Bitcoin’s Post-Halving Trends: Technical Analysis Reveals Two Potential Scenarios
Pragmatic Outlook and Market Impact
While Pal acknowledges the speculative nature of such predictions, he maintains a cautiously positive outlook, acknowledging the remarkable nature of the numbers involved. “While perfection is not guaranteed, the accuracy of these projections thus far is noteworthy,” he remarked.
Insights into cryptocurrency adoption trends will be a focal point at the upcoming Future of Digital Assets event hosted by Benzinga on Nov. 19, where experts will delve into the implications of this anticipated growth. Discussions will encompass the infrastructure requirements to support a burgeoning user base, potential regulatory responses, and the evolving landscape of digital finance.
Read Next: Continued Outflows from Bitcoin ETFs Mark Second Consecutive Week
Image Source: Shutterstock
Loading…
Loading…
Market updates and data provided by Benzinga APIs
© 2024 Benzinga.com. Please note that Benzinga does not offer investment advice. All rights reserved.