The total number of cryptographic users could reach the 4 billion brand by 2030, according to the former Coverage and Crypto Administrator Bull Raoul Pal.
In an X post on Sunday, Pal shared data by comparing the adoption rate of cryptography users with Internet users after each innovation reached 5 million users.
Pal did this when observing the number of encryption wallets compared to the number of IP addresses.
According to PAL, the total base of encryption users has grown by 137% annually in nine years and has reached 659 million users at the end of 2024. In comparison, the total number of Internet users reached 187 million at the end of 2000, at an annual growth rate of 76%.
PAL predicts that the number of cryptographic users will grow by 43% moderate next year, reaching one billion cryptographic users by 2030, or an eighth of the global population.
Market capitalization of $ 100 billion
The Pal bullish forecast predicts even more than Crypto’s market capitalization could cross the $ 100 billion brand in the next decade and be achieved in 2032.
Degradation and adoption would probably be the main catalysts for this growth, according to PAL.
“Degrabate explains 90% of the price action (the adoption explains 100% of the higher performance against degradation),” said Pal, who is the founder and CEO of the financial platforms of knowledge and education, the real vision and the global macro investor.
Related: Exponential currency degradation: ‘It does not have enough cryptography, NFT’
Community touches the brakes in Pal’s bullish shot
However, some comments on Pal’s publication X suggest that Pal could be overestimating things.
An X user said that the wallets are not a reliable growth source, and another suggests that a founder of a cryptographic project could simply open “10000 wallets and spread currencies to seem to have a community.”
Another user said he creates a new wallet every six months and has been doing so for the past four years.
However, Pal replied, arguing that everyone also has multiple IP addresses.
According to the B2B digital currency platform, Triple-A, there were more than 560 million cryptographic users for the end of 2024.
Meanwhile, an October 2024 report from the Andreessen Horowitz cryptographic division indicates approximately 30 million to 60 million real cryptographic users monthly.
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