There are all kinds of optimistic predictions about the price of Bitcoin and the other digital assets these days.
It’s been just revealed that the macro guru and Real Vision CEO Raoul Pal says the crypto markets could be on the verge of exponential growth.
The online publication the Daily Hodl notes that in an interview on RT Network’s Going Underground, Pal says that the adoption of crypto is happening at a faster rate than any other previous technology.
“Crypto currently has 150 million users. The adoption rate is 113% a year. It’s basically twice as fast as the fastest adoption of any technology in all recorded history, so it’s happening at lightning pace. Everybody is coming into the space: the institutions, the sovereign wealth funds, retail investors from ETFs (exchange traded funds), nation-states, everybody.”
He also said that the sheer size and decentralized nature of the space will ultimately make it near impossible for regulatory bodies to fully control.
“This something is unique. This is a distributed network of owners around the world from 150 million people that will soon be a billion people, so their ability to control it is almost zero. It’s a fascinating space. It is really anti-establishment at its core and creates a new world based around a kind of distributed ownership and proven ownership of assets that people can’t mess around with.”
Based on the size of other traditional financial markets, Pal said that crypto markets grow to a total value of $200 trillion in the next decade.
Crypto mass adoption
The mass adoption of digital assets is also going great as Bitcoin and crypto see major success.
Speaking of adoption, it’s been recently revealed that the movie theater giant AMC is finally accepting Bitcoin (BTC), Ethereum (ETH) and other cryptos as forms of payment after months of anticipation.
Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin. Also Apple Pay, Google Pay, PayPal. Incredibly, they already account for 14% of our total online transactions! Dogecoin next. pic.twitter.com/a7pqYBm7HB
— Adam Aron (@CEOAdam) November 12, 2021
AMC CEO Adam Aron took to Twitter this morning to announce the news.