Cointime

Cointime

Download App
iOS & Android

Raoul Pal sees crypto users hitting a whopping 4B by 2030

The total number of crypto users could hit the 4 billion mark by 2030, according to former hedge fund manager and crypto bull Raoul Pal.

In an X post on Sunday, Pal shared data comparing the adoption rate of crypto users to internet users after each innovation hit 5 million users.

Pal did this by looking at the number of crypto wallets compared to the number of IP addresses.

  Source: Raoul Pal


According to Pal, the total crypto user base has grown by 137% annually in nine years and has reached 659 million users by the end of 2024. In comparison, the total number of internet users hit 187 million by the end of 2000, at an annual growth rate of 76%.

Pal predicts the number of crypto users will grow by a moderate 43% next year, reaching 1 billion crypto users by 2030, or one-eighth of the global population. 

$100 trillion market capitalization

Pal’s bullish forecast further predicts that crypto’s market capitalization could cross the $100 trillion mark within the next decade and be achieved as early as 2032.

Debasement and adoption would likely be the primary catalysts for this growth, according to Pal.

“Debasement explains 90% of price action (adoption explains 100% of outperformance vs debasement),” said Pal, who is the founder and CEO of the financial knowledge and education platforms Real Vision and Global Macro Investor.

Community taps brakes on Pal’s bullish take

Some comments on Pal’s X post, however, suggest Pal could be overestimating things. 

One X user said that wallets are not a reliable source of growth, with another suggesting that a founder of a crypto project could simply open “10000 wallets and spreading coins to make it look like he has a community.”

Another user pointed out that they create a new wallet every six months and have been doing so for the past four years.

However, Pal responded, arguing that everyone has multiple IP addresses, too. 

According to the B2B digital currency platform Triple-A, there were more than 560 million crypto users by the end of 2024.

Meanwhile, an October 2024 report by Andreessen Horowitz’s crypto division indicates roughly 30 million to 60 million real crypto users monthly.

Comments

All Comments

Recommended for you

  • ETH Briefly Surpasses $2600

    Market data shows that ETH briefly surpassed $2600, currently priced at $2553.42, with a 24-hour increase of 1.73%. The market is highly volatile, so please ensure proper risk management.

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,007.9, with a 24-hour increase of 2.2%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Nasdaq Golden Dragon China Index Rises Over 0.5%

    On September 14, the Nasdaq Golden Dragon China Index rose over 0.5%. Tianyan Pharmaceutical increased by 3.82%, Li Auto by 3.77%, iQIYI by 2.90%, Dingdong Maicai by 2.57%, and Lufax Holding by 2.48%.

  • Amundi Purchases 2-Year U.S. Treasury Bonds, Bets on High Oil Prices and Financing Costs Weighing on U.S. Economy

    Amundi, with assets under management of $2.8 trillion, has begun purchasing 2-year U.S. Treasury bonds and has closed its short positions on U.S. short-term interest rates. Portfolio manager Nicolas Dahan believes that rising oil prices to $100 per barrel and soaring financing costs increase the risk of a slowdown in the U.S. economy. As the yield on 2-year U.S. Treasury bonds rises above 4.50%, their appeal as a safe-haven asset increases. Amundi is reallocating its bond investments in the U.S., Europe, and the UK while extending the duration of its portfolio.

  • Pinterest Partners with NVIDIA to Build New AI Capability Module

    On September 14, Pinterest announced its collaboration with NVIDIA to develop a new AI capability module.

  • Coinbase CEO: Tokenized Stocks Set Industry Standard, Global Investors Access $70 Trillion US Stock Market

    On September 14, Coinbase CEO Brian Armstrong posted on the X platform with a video stating that Coinbase's tokenized stocks have set the industry standard. He emphasized that this product does not involve synthetic products or debt instruments, but rather represents fully-backed securities that can be redeemed for underlying shares, with dividends integrated and voting rights soon to be introduced. Armstrong pointed out that this means global investors and institutions can access the US stock market valued at over $70 trillion, built on a solid foundation.

  • Trump Family Transfers Over 20 Billion WLFI Tokens to New Ownership Contract to Facilitate Future Sales

    On September 14, according to the Washington Sun, President Trump and other founders of World Liberty Financial have transferred over 20 billion WLFI tokens into a new ownership contract, clarifying the path to future liquidity, replacing the previous indefinite lock-up. On May 19, four wallets simultaneously transferred their holdings into this contract, with one allocation matching Trump's disclosed holdings and the other three believed to correspond to allocations held by family members. According to governance rules approved in May, founders can choose an indefinite lock-up or a new timeline—destroying 10% of the allocation and gradually unlocking the remaining tokens over three years after a two-year cliff period. These tokens are currently not available for sale. World Liberty Financial denies that this move is preparing for a sale, while critics argue that the founders voluntarily chose the only option that ultimately allows token liquidity. Reports indicate that retail investors have lost over $1 billion.

  • Trump: Russia and Ukraine Agree Not to Strike Each Other's Energy Targets

    On September 14, U.S. President Trump stated that Ukraine has agreed not to strike Russian energy facilities, and Russia has also agreed to take similar measures. If these arrangements are implemented, attacks on energy infrastructure by both Russia and Ukraine may be alleviated. Trump also noted that the recent rise in global diesel prices is primarily caused by the Russia-Ukraine war, rather than the situation in Iran.

  • U.S. and Brent Crude Oil Prices Drop by $1.4

    U.S. and Brent crude oil prices have dropped by $1.4, currently reported at $98.749 per barrel and $104.29 per barrel, respectively. Trump stated that Russia and Ukraine have agreed not to target each other's energy facilities.

  • Fed's Rate Hike in September Almost Certain, Analysts Say Current Conditions Resemble the 1990s Rather Than 2022

    On September 14, news emerged that following a rise in the U.S. core CPI in August, expectations for a Federal Reserve rate hike in September have surged, making an increase this week a high-probability event. LPL Financial's analysis of six tightening cycles since 1994 shows that the S&P 500 has averaged negative returns in the first four months after the initial rate hike, with an average increase of 6.7% over 12 months and a median of 10.7%. Notably, after the rate hike in March 1997, the S&P 500 rose by 42% over the year, while after the March 2022 hike, the maximum drawdown was approximately 25%. LPL believes the current macroeconomic environment is more akin to the late 1990s: the economy remains resilient, inflation is below the peak levels of 2022, and the starting interest rates are already relatively high. The AI investment boom may support capital expenditures. However, the firm does not expect a simple replication of the 42% increase seen in 1997, and the scale of this tightening cycle is unlikely to approach the cumulative 5.25 percentage points seen from 2022 to 2023.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company