Yat Siu, founder of Web3 giant Animoca Brands, has set the crypto industry abuzz with his bold prediction of a $200 trillion market cap for cryptocurrencies within the next decade. In a recent episode of The Valr Podcast, Siu shared his optimistic outlook for the sector, foreseeing a doubling or even tripling of the current $2.5 trillion market value in the near future.
Siu’s projection hinges on a key factor: the mass adoption of digital assets in the Web3 ecosystem. He believes that the ownership of digital property by billions of people will drive the market to unprecedented heights, with a potential $200 trillion market cap within 10 years.
While Siu sees Asia leading the charge in Web3 innovation, he notes that regulatory uncertainty in jurisdictions like the United States could hinder growth. Despite these challenges, Siu remains bullish on Bitcoin, predicting a price of $100,000 by the end of this year and $1 million in the future.
As the crypto market continues to evolve and expand, Siu’s vision of a $200 trillion market cap serves as a testament to the industry’s potential for growth and transformation. Investors and enthusiasts alike will be watching closely to see if his forecast becomes a reality.
