Posted on 04/16/2021 4:58:01 PM PDT by aMorePerfectUnion
The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal.
In a new interview on the Gestalt University podcast, The Real Vision Finance founder says that the public is generally unprepared for the ways in which digital assets could transform the current financial landscape.
“There is a parallel financial universe being built in front of our eyes and people are slowly migrating across. People have no comprehension yet of how big this is. They’re still bickering over whether Bitcoin is an investment vehicle without realizing the magnitude of what is actually going on.”
Pal remarks that as blockchain technology and the digital asset sector slowly reshape the financial system, the market is set to capture hundreds of trillions of dollars of value.
“This is a multi-quadrillion dollar world that’s being developed in terms of flow. In terms of the stock market, the bond market, the equities markets – all of these things are two, three, four hundred trillion dollar markets each…
Currently the digital asset sector is [$2.26 trillion], so what is it going to be worth? At least 100x from here still, probably 200x maybe even 500x.”
Pal predicts that the digital asset sector will offer Millennials an opportunity to access wealth building opportunities that would otherwise be out of their reach.
“You’re democratizing access to all assets which is a huge game changer. If you are a Millennial, a thirty-year-old now versus the thirty-year-old baby boomer back in 1980, the baby boomer got 7.5 Pe ratio in the equity market, 18% interest on fixed income and the cheapest property in inflation adjusted terms since the war, right… So then the same thirty-year-old now, they’ve come out in debt from university so they’re on the back foot as opposed to their parents who actually ended up in debt…
Suddenly the digital asset world walks onto the scene. Now, I’m talking about a 500x growth potentially over the next 20 or 40 years where they can participate… This is game-changing, it levels the playing field. It’s democratization on mass.”
...also addresses the Bitcoin market and suggests that BTC supplies are virtually non-existent, which may cause the asset to rise further than investors expect during the current bull cycle.
“There is no [BTC] supply. The only supply actually in the market to be truthful is a couple of big funds that rebalance at month end and quarter end because that’s what institutions do, and that’s new for the space, and basically day traders beings topped out or being cleared out of inventory. Because there’s no actual supply…
There is a risk, and I don’t know what the probability is, but it’s higher than most people expect, that we don’t stop at $200,000 at this cycle… but we actually go batshit crazy because of this and we get to half a million or maybe even a million.”
Coinbase is good, however Binance US has cheaper fees.
The same thing that would happen to your bank account. The only assets, in that case, are gold, bullets, and land. Personally, I don’t think the EMP is going to happen because in Revelation the mark of the beast requires a huge computer network, which would be destroyed with an emp, otherwise, I’d pretty much guarantee an EMP attack from China in the near future.
The “Shiba Inu” just more than doubled the value of my crypto portfolio! ;-)
Good question. You could ask the same thing of your dollars, gold or silver. And the answer is it all goes to pot.
I’m with you. I don’t understand much of bitcoin. But I do know I’ve made hundreds of dollars in less than a year off of $900 invested
I stay as active as I can in learning more about it and paying attention to experts. And nobody is predicting a doom and gloom catastrophe.
Yeah, coinbase seemed mainstream and was easy for this newbie but coinbase pro is supposed to be quite a bit cheaper. My DL was expired when I signed up so I couldn’t do Pro at the time. Coinbase also had the two tokens I was interested in, BAT & ALGO.
What do you propose to do sounds like borrowing from your 401(k) or retirement plan. As long as you pay it back very soon you should be OK.
Pump and dump?
“Does anyone here know if anyone has estimated the value of all assets in the world”
Not me, but I read recently that US stocks were worth about $32 trillion and US real estate about $40 trillion.
Figuring Europe and Asia are each roughly similar, $200 trillion might be a good whole world estimate.
My personal opinion is that the whole US is worth about $25 trillion, since lots of real estate and stocks are wildly overpriced.
The BLM Marxist paid $1.4 million or so for a California house that might have had a value of $50,000 50 years ago.
Elites own the land and the farms and the stores.
But this is going to “break” them?
I have something called a VISA debit card in my wallet.
It’s got a tarnished brass crypto chip area on it.
Debit card merchant fees may be substantial in the USA, but in Europe they are low.
“batshit crazy” - indeed
The October 1929 stock market was commonly overvalued by maybe 60% from what I read in “Only Yesterday”.
My amaryllis bulbs are putting on quite a show.
Is the stock in your favorite marijuana company publicly traded?
Rejection of fiat tangible (which still allowed for some non-trackable purchases) — for fiat intangible, which at some point, will be near 100% tracked by governments around the world.
This craze/fad will serve to provide the final global psychological embrace of digital sales and purchases.
This all makes perfect grooming sense for global society peons - Revelation 13:17 *At the same time THE anti-Christ (also referred to as THE man of lawlessness) will amass gold, silver, gemstones, and land globally, and divide control of the land globally to chosen political elites - Daniel 11:38-39
This is truly where we are headed, and and quick[.]
From his keying fingers to God’s ears. $100k is spoken of a s a given. $200k would be a treat.
I will be happy if it doesn’t crash tonight.
For God’s sake, will you stop with this.
EMPs are not going to take out anything more than a city. And even then, for about two hours. You need to do some reading from THIS century.
The network is world wide.
Please come up with a better argument.
Well, time will tell! I’m still a hodler 😎
The value IS the network.
It is immutable. It cannot be counterfeited. Transactions are public. Transactions cannot be reversed. Transactions are relatively fast and cheap. Any asset ownership can be tied to this worldwide network so ownership can be proven without a doubt—and ownership can be changed without third party involvement.
That last part is huge if you understand how clearing houses can delay transactions by days.
The entire thing is so much more than “buying a cup of coffee.”
99% of the people discussing this on TV have no idea how any of this works—and most of them are shills for existing investment firms.
I bought 5 Bitcoin in 2013 for $550. That is worth about $350,000 today.
Take a loan to buy your tires. You will thank me in 5 years.
You would never be able to own it all. There are many who will never sell.
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