https://research.bloomberg.com/pub/res/d37g1yWebn9LbRbS09rquSuSoDQKey Takeaways• We estimate the amount of cryptoasset market value needed to support economic activities to expand from ~$500B next year to $3.6T in 2028
• 90%+ of cryptoasset value will be derived from penetration of offshore deposits in the next decade
• Currency and Privacy networks will be the largest beneficiaries, as most fundamental value will stem from store of value use cases
• Upside (5-yr) In BTC ($96k), XMR ($18k), and DCR ($535), cryptoassets which apply unique value propositions within deep and viral markets
• Downside in BCH ($268), and cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents
• Little value in XRP ($0.01), and cryptoassets which are misleadingly marketed, not needed within their own network, and have centralized ownership/validation
• Most "Other Utility" application-specific networks hold very little value, in their current construct
