- Dan Gambardello says that crypto is on the brink of monumental expansion.
- He also believes that it could be the next $100 trillion industry.
- Gambardello also stated that crypto will explode by epic proportions.
Dan Gambardello, a cryptocurrency YouTuber and trader who runs the YouTube channel called Crypto Capital Venture, recently dropped a video on whether the cryptocurrency industry can reach $100 trillion by 2030.
Gambardella quoted Raoul Pal, a former Goldman Sachs executive, and CEO of RealVision, stating his belief that cryptocurrencies do have the potential to reach the $100 trillion industry. He stated that Pal compared the cryptocurrency industry to that of equities, bonds, and real estate, whose market caps range from $250 to $350 trillion.
Pal also suggested that the number of cryptocurrency users is going to dramatically increase by 2030. Gambardella had a basic equation to find out where the trillion dollars would be coming from.
To find out where that money will come from, we need to consider the total addressable market (TAM) for crypto.
Gambardella mentioned that to calculate the total addressable market, one needs to consider what benefits cryptocurrencies provide to everyday users. In a micro context, he stated that Bitcoin is comparable to gold and is used as a reserve, a store of value, and a tool to combat hyperinflation.
He stated that as Bitcoin proves itself to be a store of value, the billions of dollars that will be poured in by wealthy individuals cannot be neglected. Gambardella mentioned that this rise in demand combined with the already limited scarcity makes it possible for the cryptocurrency market to hit $100 trillion.
According to Gambardello, the blockchain technology behind cryptocurrencies is also fueling traditional financial systems recently, and it can be a boost for the whole industry.
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