Crypto market to hit $200T within 10 years — Animoca co-founder
Animoca's Yat Siu believes Asia is the fastest-growing Web3 market, while jurisdictions like the U.S. are lagging behind. The value of the global cryptocurrency ecosystem will grow exponentially in the coming years and has a potential to grow up to 200 times in a decade, according to a co-founder of Hong Kong-based game software company and venture capital firm Animoca Brands.
The cryptocurrency market — currently valued at around $2.7 trillion according to CoinGecko — is likely to double or triple soon, Yat Siu predicted in the latest episode of The Valr Podcast on May 28.
“In the near term — within 12 to 18 months — we can conceive of a doubling or tripling of the space,” Siu said, expressing confidence that the industry will continue hitting new milestones afterward. He stated:
“Basically over a five or 10-year period, I'm expecting the space to accelerate, 100 to 200 times — to $200 trillion — or even bigger. I think we could reach that kind of number within a decade.”
The projected growth will be driven by billions of people who become digital property owners in the Web3 ecosystem, Siu said.
“It is entirely conceivable that we’re going to have a billion property owners because we’re going to have a billion token holders. This is not possible in the physical world,” the exec added.
read on @
https://cointelegraph.com/news/crypto-market-200t-growth-yat-siu-prediction
