What happened?
Raoul Pal, a former Goldman Sachs executive and co-founder of Real Vision, has predicted that the number of crypto users could reach 4 billion by 2030, resulting in a market capitalization of $100 trillion. Pal draws this conclusion from the current rapid expansion of crypto wallets, which he notes are growing at a faster rate than internet IP addresses did in the 1990s. This would require the crypto market cap to jump to $100 trillion by 2032-2034 from its current size of around $4 trillion.
Who does this affect?
This affects all participants in the crypto sphere, including current and future investors, blockchain developers, exchanges, and financial institutions. Pal’s prediction also has implications for regulatory bodies and governments worldwide. His projection is based on current metrics showing 820 million active wallets as of 2025, but critics are pushing back, questioning whether wallet proliferation genuinely represents unique users or creates misleading adoption signals.
Why does this matter?
This prediction matters because it underscores the potential growth and impact of the crypto market, which could disrupt traditional financial systems and structures. If Pal’s prediction comes true, the crypto market cap would approach the size of global equity markets, currently valued at around $110 trillion. However, reaching 4 billion users would require serving half the world’s population, a massive leap considering current estimates range from 500 million to 659 million users. Hence, this prediction should be considered against the backdrop of these challenges.