Crypto set to multiply Fiat currency value by 100 collapses, says macro guru Raoul Pal

Real Vision CEO Raoul Pal said the collapse in fiat currencies could trigger a 100-fold explosion in crypto assets by 2030.

In a new interview with Goko Group, the macro guru compares the rise of digital assets to that of the internet in the 1990s, noting that people are adopting digital assets at a faster rate than the World Wide Web.

“The Internet grew 63% per year in terms of the number of users from 1990 to 2000. In 1997, there were 150 million Internet users … the fastest growing of any technology in the world have ever known …

So here we are today in crypto-currencies, they too for about 10 years. Currently there are 150 million users, but the network is growing by 113% per year, so that is double the speed of the fastest technology growth the world has ever seen. We have never seen anything like it.

What it is is the money network, and it’s exploding in size. It is a $ 2 trillion asset class currently to date. If we look at the other major asset classes in the world – stocks, bonds, real estate, they are sort of somewhere between US $ 150,000 billion and $ 300 trillion. So these digital assets, if we just follow the adoption curve that we’re looking at, they’re going to hit an asset class of $ 200 trillion by 2030. “

Pal goes on to say that the crypto outperforms other assets in terms of hedging against the rapid creation of new money. He says other traditional assets like real estate, which appear to be rising in value, are actually flat when you factor in the creation of a new currency.

“Central banks around the world, the big central banks of the G4, print currencies at a rate of about 15% per year. So your barrier to your investments is now 15% per year or you are getting poorer … and crypto is one of the only things that outperforms central bank balance sheets.

So I checked this, I looked at house prices in Germany against the balance sheet of the European Central Bank (ECB). [It was] flatline is the same. Well, German real estate seems to be on the rise. Swedish real estate, British real estate, Australian real estate, Canadian real estate, American real estate, they’re all the same. What they do is reflect the fall in the value of currencies created by central banks creating too much currencies. “

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Featured Image: Shutterstock / klyaksun / Natalia Siiatovskaia



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