Back in November 2021 we saw the Crypto market cap break through the $3 trillion barrier. This is just the warm up of what is going to happen still.
A $25 trillion crypto market cap by 2030 is the figure Cathie Wood from Ark Investments mentioned in an interview the other day. This may seem like a crazy number considering the current crypto market cap is $1.45 trillion. That is only a 17.5 x from here so this is easily doable within the next 5 years.
What most people are missing is there is only a small percentage of the population involved in crypto and on top of that we are not seeing any use cases crossing over into real life as yet. This crossing over is even bigger than the institutions investing their capital and I do think the figure will be a lot higher when crypto is being used on a daily basis in conjunction with the various blockchains.
Obviously certain crypto's will benefit more than others when this happens, but even those who are not recognised like some will be they will all benefit from this. The problem is we have no idea which blockchains are going to outperform others through real life adoption crossovers. Those blockchains that are being used on a daily basis by businesses using the technology will be the big winners and could easily see 100x or 1000 x growth in a very short period of time.
The crossover from crypto into real life is what intrigues me the most as this is where I see the true value being made. What is the point of crypto if it cannot be used how it was designed to be used. There are over 20 000 crypto projects out there and we know only a small percentage actually have cross over potential and will be adopted fully. Up till now every investment has been more about speculation and what that crypto offers in it's eco system but add the real world into the equation and the numbers multiply very quickly.
Ark Investments are possibly thinking of the value of the market cap once institutions have ploughed in new money and are on board, but not about the use cases crypto offers. The 17.5 X from here sounds too small and do think this number will be much higher maybe not by 2030 but definitely in the years that follow.
When we are talking about such big numbers it is easy to see how a project like Hive can achieve $10 which would only offer a valuation of $4.6 billion out of a $25 trillion market cap. This is why it is not even worth thinking about where this is all heading and just best to keep your head down and wait and see how this plays out. What we are all playing with in crypto makes the stakes even higher as we have been doing this for many year and want to succeed. The idea of achieving financial freedom is here and patience is required waiting for this to all unfold. 6 years is not that longa time period to see this through and long before then we will see the values appear.