End-Of-Decade Gargantuan Prediction For The Crypto Market Is Revealed By Former Goldman Sachs Exec Raoul Pal | CryptoGazette
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There are all kinds of predicitons about the state of the crypto market and the latest important one comes from macro guru Raoul Pal. Check out what he has to say about the crypto market.
He just addressed the fastest growing asset class in human history and predicted a mind-blowing growth for the markets by 2030.
Raoul Pal interview with Scott Melker
In a new interview with Scott Melker, Pal says many of the altcoin projects attracting hype and excitement will die off as they fail to garner adoption. He said that such a thing is normal.
Pal continued and said the following:
“What we’re seeing is the market figuring out that it’s no longer good enough just to be a faster, cheaper alternative to Ethereum, or whatever it may be – more private than Bitcoin.”
He stated this:
“What people are starting to see, and I’ve been definitely having conversations with people at the protocol layer, talking about, ‘Okay, what can we be known for on this chain?’”
He also addressed the fact that people are going to split down to use cases. He said that if you are fast enough but you are not decentralized and you’re very cheap, you will turn out useful for the securities industry.
The reason? “because they have massive volume and they don’t care about decentralization at the level of which private money does…”
He continued and said the following about the crypto market, in general praising the asset class:
“It’s the fastest growth of any asset class in all history. The fastest adoption of technology in all history. And it’s going to be the fastest generation of wealth in all history. ”
At the moment of writing this article, the crypto market seems to be pretty stable after a short period of correction. Bitcoin continues to be priced above $40k.
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