Total Crypto Market Cap Primed To Surge to Over $10,000,000,000,000, Says Chainlink Co-Founder – Here’s How
The co-founder of blockchain oracle Chainlink (LINK), Sergey Nazarov, is saying that the crypto industry is in the “early to mid-stage” phase of growth.
According to Chainlink co-founder, the total crypto market capitalization could soar by nearly four times from the current level.
“The crypto industry in my opinion when it crossed $200 billion got on an inescapable inevitable trajectory to be a large global market that would continue to grow. It’s now at over $2.5 trillion in value and I personally think it could get to $10 trillion on the basis of consumer and retail and hedge fund demand. And I think that market is what large institutions like BlackRock are interested in.”
The Chainlink co-founder says that the traditional finance industry holds the key to pushing the total market cap of crypto above $10 trillion.
“The remaining growth beyond $10 trillion for the crypto industry and the blockchain industry I think will have to happen through all the value that’s locked In traditional financial institutions. And that’s where that process of them generating their own chain, putting those assets on-chain will take the crypto industry way past $10 trillion into the hundreds of trillions [of dollars]. So we’re still kind of in the early to mid-stage of the industry’s development.”
According to Nazarov, the interest shown by legacy asset managers is a sign of what the future holds for the crypto industry.
“Even at $2.5 trillion it’s big enough to justify the largest asset managers investing in resources and building financial products for that market. So I think they’re interested in that market which is a very good sign because that market still has I think multiples of growth left.”
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
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: DALLE3
The post Total Crypto Market Cap Primed To Surge to Over $10,000,000,000,000, Says Chainlink Co-Founder – Here’s How appeared first on The Daily Hodl.