April 22, 2024 12:30 PM |
Read for 2 minutes
Raoul Pal, from Real Vision, predicts that the cryptocurrency user base is on track to reach 4 billion users by 2030, making it the “perfect chart” for exponential growth.
Exponential Adoption Curve
Enter to Win $500 in STOCK OR CRYPTO
Enter your email address to receive a confirmation email and Benzinga’s Ultimate morning update, plus a $30 Gift Card and more!
Pal explains, “The internet, which was the fastest adoption of technology the world had ever seen, grew by 76% per year and then slowed down after year eight to 43% a year.” In comparison, “Crypto has been growing at 137% a year. It’s now at 516 million users versus 187 million of the internet at the same stage.” This highlights the rapid growth in adoption that cryptocurrency is experiencing compared to the early days of the internet.
Projecting Crypto’s Trajectory
Pal also shares his forecasting methodology, stating, “Then what we did is assume that crypto just slows down its growth to the same as the internet. I don’t think that’s going to happen. I think it will be faster, but by the end of 2025, we get to 1.1 billion users.”
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today. Claim Your Free Report Here.
By extending this model further and aligning crypto’s growth rate to that of the internet’s post-explosion phase, Pal’s “perfect chart” projects a user base of four billion by 2030, which would encompass half of the world’s projected population.
Also Read: Bitcoin’s Next Move After The Halving? Technical Analysis Foresees These 2 Scenarios
Realistic Expectations And Market Implications
While such predictions are often speculative in nature, Pal advises caution, stating, “Will this be perfect or not? It’s been pretty good so far since 2005, when I first displayed this chart. But let’s not assume that it is.” He adds, “These figures are just staggering.”
The upcoming Benzinga Future conference will focus on the adoption of cryptocurrency. Industry leaders will discuss the infrastructure needs of an expanding user base, possible regulatory responses, and the changing landscape of digital financial services on November 19.
Topics will cover:
- The infrastructure needs of an expanding user base
- Possible regulatory responses
- The changing landscape of digital financial services
Read Next: Bitcoin ETF Outflows Continue For Second Straight Week
Image: Shutterstock
© 2024 Benzinga.com. This site does not offer investment advice. All rights reserved.
