Former Goldman Sachs executive Raoul Pal says a chart that has tracked well over the past five years indicates that Bitcoin (BTC) and crypto are well on schedule to reach four billion users.
In a new video update, Real Vision CEO claims crypto will likely see over 1 billion users by the end of 2025.
Pal’s prediction is based on a model that compares the rate of internet adoption in its early years to the rate of crypto user growth since 2016 – when it first reached one million users .
“The Internet, which was the fastest technological adoption the world has ever seen, grew at 76% per year, then slowed after year eight to 43% per year.
Crypto is growing at 137% per year. It now has 516 million users compared to 187 million Internet users at the same stage.
Then we assumed that crypto was simply slowing its growth along with the internet. I don’t think that’s going to happen. I think it will be faster, but by the end of 2025 we will reach 1.1 billion users.
But if you look further afield, Pal says he sees half the world’s population adopting Bitcoin and crypto at the start of a new decade.
“If we look further using the growth in Internet adoption and slow down the trend growth rate of crypto to the same level as the Internet in the future, we arrive at four billion users by 2030. That’s half the world’s population.
Now, will it be perfect? It’s been pretty perfect so far, and I’ve been showing this chart for five years now. But let’s assume not. Either way, these numbers are simply staggering.
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Featured image: Shutterstock/Eky Rima Nurya Ganda