David – Crypto Speculator
The question of whether the crypto market investment business will reach $100 trillion by 2030 was recently addressed in a video by Dan Gambardello, a cryptocurrency trader and YouTuber who operates the channel Crypto Capital Venture.
According to Raoul Pal, CEO of RealVision and a former executive at Goldman Sachs, cryptocurrencies do have the potential to grow to be a $100 trillion market, as stated by Gambardella. Gambardello also quoted Pal that the cryptocurrency investment market can be compared to the $250–350 trillion market values of stocks, bonds, and real estate. Pal also predicted that by 2030, there will be a significant increase in the number of bitcoin users. To determine the source of the trillion dollars, Gambardella had a simple equation:
‘To find out where that money will come from, we need to consider the total addressable market (TAM) for crypto.’
Gambardella stated that one must consider the advantages cryptocurrencies offer to common consumers when determining the total addressable market. He claimed that, in a smaller sense, Bitcoin is like gold and that it is used as a reserve, a store of value, and a tool to fight hyperinflation.
According to him, the billions of dollars that people will invest in Bitcoin as it establishes itself as a store of value cannot be neglected. Gambardella stated that the market for cryptocurrencies could reach $100 trillion due to the combination of the rising demand and the existing constrained supply.
Gambardello asserts that the blockchain technology that underpins cryptocurrencies is also recently boosting conventional banking institutions and could be beneficial for the entire sector.
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