Raoul Pal, the CEO of Real Vision, predicts significant growth in cryptocurrency adoption by 2030, based on current trends.
Raoul Pal's Prediction on Crypto Adoption
Raoul Pal predicts that the number of cryptocurrency users will reach 4 billion by 2030. This is based on findings that crypto adoption is occurring at twice the speed of the internet. He also notes that the increase in users will lead to a remarkable rise in market capitalization from the current $4 trillion to $100 trillion by 2032-2034.
Current Expectations for September
September is traditionally considered a weak month for the cryptocurrency market. Historically, Bitcoin’s average losses in September have ranged from 6% in the 2010s to 2.55% over the past five years. However, with increasing institutional investments and the potential for interest rate cuts this month, there is optimism regarding price increases.
Historical Data on the Crypto Market in September
Historically, September has seen several factors contributing to weak performance, including portfolio rebalancing and macroeconomic uncertainty. Nevertheless, Bitcoin has recorded positive results in September in recent years, which may indicate a shift in market trends.
Raoul Pal's predictions highlight considerable growth potential in crypto adoption and changes in market capitalization. September is expected to be an intriguing month considering institutional trends and potential rate cuts.
