Analyst Predicts One Crypto Sector Will Hit $1,000,000,000,000 Market Cap, Says Foundation Already Exists

0
2


A closely followed analyst thinks that one emerging crypto sector will witness astronomical growth in the coming years.

Pseudonymous analyst Pentoshi tells his 847,300 followers on the social media platform X that he thinks the real-world assets (RWA) crypto sector will hit a $1 trillion market capitalization by 2030 or sooner.

RWA is a nascent crypto category that aims to tokenize real-world assets such as bonds and real estate on-chain. The process also enables fractional ownership of assets, allowing individuals to purchase smaller, more affordable units.

Says Pentoshi,

“Everything will be on-chain and tokenized. The foundation for it already exists.”

At time of writing, the RWA category has a market cap of less than $40 billion.

Looking at altcoins, Pentoshi says crypto assets other than Bitcoin (BTC) have been struggling this cycle largely due to dispersion.

“People wonder why this cycle for alts has been so bad…

When most of us got in, DeFi (decentralized finance) didn’t even exist. You by definition were early. It could only go up. Total alt market cap combined was like $13 billion… 2% of the US owned crypto.

We had like 2,000 total coins to choose from.

Now we are a multi-trillion dollar industry and at least 25% of adults in the US own it.

It’s way more competitive, diluted, etc.

It’s a maturing asset class at the end of the day.” 

Pentoshi also encourages investors to have a long-term view, highlighting that the stars are aligning for the crypto industry.

“Early crypto adopters are now driving politics and soon likely a lot more. We were rewarded for taking chances and taking big risks when nobody else believed. Now nation states are adopting it, everything will be tokenized. The entire world is in a state of change for crypto. We were here before all of them. That is unlikely to ever happen again in our lifetimes broadly speaking.

It might take more time than you think, but we are moving in that direction at lightning speed, all things considered.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here