Raoul Pal believes the bull is still running and we are not even close to the end of this.
He says there could be 100x-200x gains in the total market cap from where we are.
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Raoul Pal believes the bull is still running and we are not even close to the end of this.
He says there could be 100x-200x gains in the total market cap from where we are.
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Well if it becomes what we think it is then yes I do believe it will be 100x in the future if your looking out a few decades.
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No chance it takes "a few decades". One at the most, in my opinion.
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Well if it does follow the normal trend then yes it would probably take a decade. I am just giving it the benefit of the doubt and adding in a few to be safe.
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The cryptosphere will see $100 trillion in the next bull run in my opinion. Each bull run fuels the next. When 2017 happened, it spurred massive amounts of capital to flow into the underlying infrastructure being utilized to spur this bull run. By the time this one is done, I think we'll probably see an overall market cap of $10T. Probably more. Bitcoin and Ethereum may hit that combined by the time this one ends. That would be almost a 20x from it's highs in 2017. During the next bear market, literally tens of billions, probably hundreds, will be spent preparing for the next one. Banks, governments, private companies, more new cryptos will all be spending massive amounts putting the pieces in place to take advantage of the next leg up because it very likely will be the single largest wealth creation event in the history of the world.
Mass adoption.
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I hope he's right because if it ends here it would kinda meh
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I don't have enough knowledge to estimate the gains so I'll take his word for it. As for the bull, I agree with him... it's not gonna stop so soon
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