According to former hedge fund manager and Crypto Bull Raoul Pal, the total number of crypto users could reach the 4 billion mark by 2030.
In X post on Sunday, PAL shared data comparing the adoption rate of crypto users with internet users after each innovation reached 5 million users.
PAL did this by looking at the number of crypto wallets compared to the number of IP addresses.
According to PAL, the total Crypto user base has increased by 137% per year over nine years, reaching 659 million users by the end of 2024. By comparison, the total number of internet users reached 187 million, with an annual growth rate of 76% by the end of 2000.
PAL predicts that the number of crypto users will rise by mid-43% next year, reaching 1 billion crypto users, or one-eighth of the world’s population by 2030.
Market capitalization of $100 trillion
Pal’s bull forecasts further predict that Crypto’s market capitalization could exceed $100 trillion in the next decade, reaching it in 2032.
According to PAL, decline and adoption will likely be the main catalysts for this growth.
“We’re committed to providing a range of services to help you understand the needs of our customers,” said PAL, Founder and CEO of Financial Knowledge and Education Platforms Real Vision and Global Macro Investor.
Related: Index Currency Collapse: “You don’t own enough crypto, NFTS.”
Community taps peers bullish take
However, some comments about Pal’s X post suggest that Pal may be overestimating things.
One X user states that wallets are not a reliable source of growth, while another suggests that the founder of a crypto project can simply “spread 10,000 wallets and coins to make it seem like they have a community.
Another user noted that they create a new wallet every six months and have done so for the past four years.
However, PAL responded, claiming that everyone has multiple IP addresses.
According to the B2B digital currency platform Triple-A, by the end of 2024 there were over 560 million crypto users.
Meanwhile, an October 2024 report by Andreessen Horowitz’s Crypto Division shows approximately 30-60 million real crypto users each month.
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