The crypto market has been going through a correction these days, but the overall crypto space looks great.
The mass adoption of digital assets is getting nearer, with all kinds of essential moves taking place in this direction.
Collapse of fiat currency could boost crypto
The online publication the Daily Hodl notes that Raoul Pal said just recently that collapsing fiat currencies could trigger a 100x explosion in crypto assets by 2030.
In a new interview with Goko Group, he said that the rise of digital assets is pretty similar to that of the Internet in the 1990s.
He also made sure to explain the fact that people are adopting digital assets at a faster pace than the world wide web.
“The Internet grew at 63% a year in terms of number of users from 1990 to 2000. In 1997, there were 150 million users of the Internet…the fastest growth of any technology the world had ever seen…”
He continued and said the following:
“So here we are today in cryptocurrencies, they’ve also been around 10 years. Currently, there are 150 million users, but the network is growing at 113% per year, so it’s twice the speed of growth of the fastest technology the world has ever seen. We’ve never seen anything like this.”
He said that this network of money is expanding in size. He continued and highlighted the fact that these digital assets “will get to a $200 trillion asset class by 2030.”
Crypto outperforms other assets
Pal also explained that crypto managed to outperform other assets regarding hedging against the rapid creation of new money.
As we already said, things continue to go great in the crypto space these days, with the digital asset mass adoption getting closer and closer.
Stay tuned for more news, and keep your eyes on the market to see the latest price moves for your favorite coins.