RAOUL PAL SEES CRYPTOCURRENCIES GATHERING "TRILLIONS OF VALUE"

Raoul Pal suggested that cryptocurrencies could accrue trillions of dollars from traditional markets.

Most of you know that Raoul Pal, is CEO of macro research and advisory service Global Macro Investor. In a series of Tweets yesterday Pal stated 
"suggested that Bitcoin, Ethereum, and other cryptocurrencies have the potential to absorb “trillions and trillions of value” from traditional markets." He then went onto explain it as a Wall of Money flowing from Traditional Equity Markets into Crypto's.

He then wrote a staggering tweet that almost nobody in Crypto's understands the size of the traditional equity markets; bold BRO. He followed that with “The size of the global custody system is $23 trn. That will accrue to bitcoin and more likely maybe ETH.”  It won't be a winner takes it all endeavor either.  He continued to say that the settlements and derivatives layers in the financial markets amount to $4 quadrillion and $1.2 quadrillion per annum respectively.

“This is why I care about the entire [digital assets] space. There will be many enormous winners, many failures, many scams, many false dawns but in the end, trillions and trillions of value will accrue across digital assets, tokens, protocols and crypto that tie all of this together,”  Any other outcome accruing to one winner is nothing but false hopes and dreams.

The future is a super network of blockchains with the most pristine being bitcoin and the risk curve moves out from there,” Pal summarized.

“It’s a once in a lifetime opportunity we’re being given—we get to front-run a wall of money. This is the biggest, best, single bet I’ve ever seen in my career of every asset I’ve ever looked at.  Recall he retired at 36 and found a new passion