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Here are Multi-trillion Dollar Estimates for Bitcoin and Altcoins From a Famous Economist

Raoul Pal, Macro analyst and CEO of Real Vision, says that almost no one in the crypto market understands the true potential of Bitcoin and the altcoin market.

Macro analyst: Bitcoin won’t be the only cryptocurrency left on the market
Former Goldman Sachs hedge fund manager Raoul Pal stresses that Bitcoin will not be the only cryptocurrency left on the market in the long run. Raoul Pal adds the description for the issue:

IN CRYPTO, ALMOST NO ONE UNDERSTANDS THE SIZE OF FINANCIAL MARKETS. THE WINNER NEVER GETS IT ALL. THIS IS ALMOST IMPOSSIBLE, AS EACH BLOCKCHAIN HAS ITS OWN LIMITATIONS AND EXCHANGES, AND MATCHES THE COMPLEXITY OF THE FINANCIAL WORLD.. BITCOIN IS THE MOST PRISTINE, AND THIS IS A SUPER BLOCKCHAIN NETWORK, AND THE RISK CURVE MOVES FROM HERE. ANY OTHER RESULT ACCRUING TO A WINNER IS NOTHING MORE THAN FALSE HOPES AND DREAMS… SO I CARE ABOUT THE WHOLE DA FIELD. THERE WILL BE SO MANY TREMENDOUS WINNERS, SO MANY FAILURES, SO MANY SCAMS, SO MANY WRONG PROJECTS. BUT IN THE END, TRILLIONS OF VALUES WILL ACCUMULATE IN CRYPTOCURRENCIES, TOKENS, PROTOCOLS THAT CONNECT ALL THIS TOGETHER.

Raoul Pal believes Bitcoin is the best form of collateral in the world
Raoul Pal believes Bitcoin is the best form of collateral in the world. As an example of the sectors that cryptocurrencies are ready to break down, he points to foreign exchange markets. Raoul Pal adds the description for the issue:

A FEW THINGS THAT WILL MAKE YOU THINK … IF BITCOIN IS DIGITAL UNTOUCHED COLLATERAL, THE SIZE OF THE GLOBAL GOVERNMENT BOND MARKET IS $ 123 TRILLION. IT’S A PRETTY AMAZING OPPORTUNITY FOR BITCOIN. THE SIZE OF THE GLOBAL ESCROW SYSTEM IS $ 23 TRILLION. THAT WILL SHIFT TO BITCOIN AND POSSIBLY THE ETH. THE DERIVATIVE LAYER IS ANOTHER 1.2 QUADRILLION DOLLARS. AS THE DOMINANT PLAYER, IT LOOKS LIKE HE WILL SHIFT FROM BTC TO ETH. THE TOTAL STOCKS TRADED GLOBALLY ARE ABOUT $ 70 TRILLION. TOKENS ARE MORE LIKE ETH AND OTHER PROTOCOLS … THE TOTAL SIZE OF ANNUAL FOREIGN EXCHANGE MARKET TRANSACTIONS IS 1.7 QUADRILLION DOLLARS. BTC, ETH, XRP ETC. THE TOTAL GLOBAL DEBT MARKET IS $ 260 TRILLION. NON-GOVERNMENT DEBT IS PROBABLY ETH. THAT DOESN’T INCLUDE THE TOTAL LENDING MARKET THAT WOULD DOUBLE THAT… AND THEN WE CAN TOKENIZE ASSETS FROM REAL ESTATE TO INTELLECTUAL PROPERTY RIGHTS, FROM GAMING VIEWS TO FIXED ASSETS, FROM SECURITIES TO REVENUE STREAMS. THAT’S PROBABLY ETH. THEN WE CAN ADD GLOBAL SUPPLY CHAINS AND OTHER COMMERCIAL NETWORKS… A FEW HUNDRED TRILLION MORE.. THIS IS ETH, EOS AND OTHERS. AND THEN TRADE FINANCE, CREDIT CARDS, STOCK LENDING AND BORROWING, REPO MARKETS FOR BONDS AND SO ON. We can add.

Raoul Pal: Ethereum can be bigger than Bitcoin!
Raoul Pal says that given the use cases of the leading smart contract network, it is possible for Ethereum to exceed the market value of Bitcoin in the long term. Raoul Pal adds the description for the issue:

MY HUNCH IS THAT BTC IS AN EXCELLENT COLLATERAL LAYER, BUT FOR THE ABOVE REASONS THE ETH MAY BE LARGER IN TERMS OF MARKET CAPITALIZATION IN 10 YEARS. MONEY AND COLLATERAL ARE JUST THE BASIC LAYER. EVERYTHING IS BUILT ON IT. THE STORE OF VALUE IS COLLATERAL, THE TRUST LAYER AND THE EXCHANGE OF VALUE ARE LARGER.

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