Abra cofounder and CEO Bill Barhydt is predicting a $50 trillion digital asset market capitalization within a decade due to one main catalyst.
In a new interview with Anthony Pompliano, the head of the crypto wealth management platform says that the tokenization of real-world assets (RWAs) has the potential to send the crypto market cap soaring by more than 1,900% of the current value.
“I do think you’re going to see real-world assets become tokenized, especially starting outside the US, and you’re going to have all these investment services that basically make them all fungible, meaning I can hold real estate, I can hold stocks, I can hold bonds, I can hold native crypto, and they’re all fungible because they’re all tokens I can trade across each other or borrow against.
I can pool real estate, Bitcoin and stocks and take one loan, because it’s in one separately-managed account and it has a value. So how is it going to break down in terms of native crypto holdings versus stocks and real estate? I don’t know. I think that we’re just in the still in the very, very beginning of the global investment community getting exposure to the native crypto stuff Bitcoin, Solana, Ethereum, etcetera.
And so what is it now? $2.5 trillion. I think that’s going to go to $50 trillion over the next 10 years, if not sooner, and that’s going to change everything because now you’re going to have these credit markets that just weren’t possible before…”
Barhydt believes this growth will revolutionize credit markets, enabling access to credit for individuals in developing countries like the Philippines and India.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE-3
