Home Latest News Create Value Using Crypto: What Former Goldman Sachs Employee Has to Say?

Create Value Using Crypto: What Former Goldman Sachs Employee Has to Say?

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Goldman Sachs

Thanks to former Goldman Sachs fund manager Raoul Pal, we can see the rate of crypto adoption through a chart. This chart compares the adoption of the internet and cryptocurrencies. For internet adoption, entries are from 1992, and for crypto, these are from 2016. The goal is to study how many users adopt this technology at the time. In 2016, Bitcoin and Ethereum had 5 million users, which is an impressive feat.

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It took them 6 years to blast off to 295 million, but internet adoption did not grow at the same rate. 2021 was the best year for cryptocurrency and digital payment adoption, namely because of COVID.

According to Pal’s predictions, cryptocurrency adoption may grow by leaps and bounds, to 2.5 billion by 2025. People are optimistic about this forecast. Blockchain-driven applications and marketplace explosion can contribute to this factor. He also provided a formula to predict the number of users.

Bitcoin, Ethereum, Polkadot, and XRP fit the formula perfectly. He mentioned that cryptocurrencies like ETH, BNB, LUNA can outgrow the market.

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