Raoul Pal Forecasts Crypto Super Cycle Up to $100 Trillion

Raoul Pal, co-founder of Real Vision and former head of a Goldman Sachs hedge fund, delivered his forecast at the TOKEN2049 conference. He stated that the current correction in the crypto market is merely intermediate, and the bull cycle has not yet ended.

The main reasons for the recent decline in asset values are a lack of liquidity and capital flowing into the artificial intelligence sector. The analyst emphasizes that the market has significant growth potential ahead.

Capitalization Forecast

Pal predicts the cryptocurrency market capitalization will grow to $10 trillion in the next few years and reach $100 trillion by 2035. At the current valuation of approximately $2.5 trillion, the long-term growth potential is up to 40 times.

Key drivers include:

• Mass adoption of AI agents: their number could reach 25 billion, creating hundreds of millions of new cryptocurrency wallet users.
• Tokenization of real-world assets (RWA): stocks, bonds, and derivatives will gradually move onto the blockchain.
• Growth of the stablecoin market: expected to increase to $1 trillion by 2030 for use in digital settlements.

Macroeconomic Context

To realize these forecasts, there needs to be a weakening of the dollar, lower interest rates, and increased liquidity. The US is forced to continue printing money to service its national debt, creating a favorable environment for the growth of crypto assets.