Crypto News – Crypto’s Meteoric Rise: Animoca Co-founder Predicts $200T Market Cap in a Decade

Crypto’s Meteoric Rise: Animoca Co-founder Predicts $200T Market Cap within 10 Years

Crypto News- According to a co-founder of the Hong Kong-based game software company and venture capital firm Animoca Brands, the value of the global cryptocurrency ecosystem is set to grow exponentially in the coming years, with the potential to expand up to 200 times within a decade.

Near-Term Growth Predictions for the Cryptocurrency Market

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 that this space could see significant growth 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 achieving 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.”

Siu explained that this projected growth will be driven by billions of people becoming digital property owners in the Web3 ecosystem. “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,” he added.

Asia’s Leadership in the Web3 Market

In the podcast, Siu also noted that Asia has established itself as the fastest-growing Web3 market, while jurisdictions like the United States have been lagging behind. “Right now, the leading force in Web3 is clearly Asia,” the executive argued, pointing to strong adoption levels in regions like Southeast Asia, Hong Kong, and Japan. Siu stated:

“Normally, the West, specifically the United States, tends to lead in all technology areas. But in Web3, it has fallen behind for obvious reasons, partially also because there’s been uncertainty on the regulatory side. For that reason, I think Asia is leading and will continue to lead.”

Siu’s optimism about the potential growth of the Web3 market aligns with his bullish stance on Bitcoin (BTC), the largest cryptocurrency by market value, which stands at $1.3 trillion at the time of writing.

Bold Long-Term Bitcoin Prediction

In April, Siu made another bold long-term crypto prediction, saying that he does not doubt Bitcoin will reach $1 million one day. At the time of writing, Bitcoin is trading at $67,750, which is 14 times lower than the forecasted price.

FAQ: Future Growth of the Cryptocurrency Market and Web3

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