Former Goldman Sachs executive Raoul Pal has revealed a chart that suggests Bitcoin (BTC) and cryptocurrencies are on schedule to reach 4 billion users.
Adoption Rate Surpassing the Internet
Pal’s prediction is based on a model comparing the adoption rate of the internet in its early stages to the user growth rate of crypto since 2016.
According to Pal, crypto has been growing at 137% per year, significantly faster than the internet’s 76% annual growth rate.
Timeline for Adoption
Pal predicts that crypto will likely surpass 1 billion users by the end of 2025. Looking further ahead, he believes half the world’s population could adopt Bitcoin and crypto by 2030.
‘Perfect Chart’
Pal has been tracking this chart for five years and claims it has been “pretty perfect” so far. He acknowledges that it may not be exact, but emphasizes that the numbers are “staggering.”
Conclusion
Pal’s analysis suggests that Bitcoin and cryptocurrencies are experiencing rapid adoption and could potentially become widely used in the coming years.
