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Former Goldman Sachs executive Raoul Pal suggests that the next bull cycle could lead to a massive explosion in the total market value of cryptocurrencies. In a recent interview with Altcoin Daily, a macro expert, he stated that he expects a significant increase that could skyrocket the total market value of crypto by up to 900% in the next bull market. Here are the details!
Expectations for Increased Growth in the Crypto Sector!
Raoul Pal, former Goldman Sachs executive, claimed in his recent statements that the total value of the cryptocurrency markets, which dropped to very low levels in recent months, will experience a significant increase with the expected bull period following the upcoming halving process in 2024. In his remarks, the expert stated:
I believe we’ve passed through it very well from the all-time highs. I think the entire cryptocurrency ecosystem comes from 425 million users at the point we are today. At the end of this cycle, I think there will be a billion users based on the use cases we’re talking about. Remember, we have our CBDCs (central bank digital currencies), our stablecoins. There’s still a lot going on. So if the user base for the entire space is going to increase by 2.5 times, the market value of the entire space will be 5 or 10 times larger.
Hope for Layer-2 Projects!
In addition, Raoul Pal closely monitors the development of Layer-2 altcoin projects for new use cases and states that these projects could increase their individual market value. The well-known name in the cryptocurrency markets said the following in his statements:
Then let’s see how people value Layer-2s. We don’t really know how Layer-2s are gaining so much value. Do we really need to process massive amounts of transactions? In that case, you need things like Ticketmaster, which involve millions and millions and millions of transactions, because they batch them and then bring them down to ETH.
