Raoul Pal Says No One Realizes ‘Insane’ Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000

Macro strategist Raoul Pal predicted “insane” demand for the blockchain space on Thursday, foreseeing cryptocurrency becoming a $100 trillion asset class over the next 6-8 years.

What Happened: In an X post, Pal emphasized the untapped demand for blockchain space from traditional finance and the potential of the stablecoin space to unlock trillions in value.

“I don’t think anyone realizes the insane demand for block space coming from TradFi… stablecoins TAM is in the many $ trillions and volumes a massive multiple of that…. and that’s just the start,” the former Goldman Sachs executive said.

Pal also said that the impending demand from Web2 to Web3 conversion would further drive up demand for blockchain rails.

Full story available on Benzinga.com