says<\/a> he expects a huge increase in the adoption of digital assets that could cause the total market cap of crypto to skyrocket by as much as 900% from its current value during the next bull market.<\/p>\n\u201cObviously, I think we go well through new all-time highs. I think the whole ecosystem of crypto, we go from 425 million users where we are today \u2013 I think at the end of this cycle, there will be a billion users by the kind of use cases we\u2019ve talked about. <\/em><\/p>\nDon\u2019t forget we\u2019ve got CBDCs (central bank digital currencies), stablecoins. There\u2019s a lot going on still. So if the entire space is going to grow 2.5x in the number of users, well the market cap of the entire space is 5 or 10x.\u201d <\/em><\/p>\nPal also says he is closely watching the development of layer-2 altcoin projects for new use cases, which could boost the value of their individual market cap.<\/p>\n
\u201cAnd then let\u2019s see how people value layer-2s in this. We don\u2019t really know how layer-2s accrue much value. Do we have to have a massive amount of transactions? In which case, then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batch them and then batch them down to ETH (Ethereum).\u201d<\/em><\/p>\n