Yat Siu, founder of Web3 giant Animoca Brands, has boldly predicted a transformative shift in the crypto industry, envisioning a $200 trillion market cap for cryptocurrencies over a decade.
The Case For A $200 Trillion Crypto Market Cap
Speaking during the latest episode of The Valr Podcast on May 28, Animoca Brands founder Yat Siu shared a robust and optimistic projection for the crypto sector. Siu envisions the market’s total value, currently valued at $2.5 trillion, according to CoinGecko, doubling or even tripling in the near future.
“In the near term — within 12 to 18 months — we can conceive of a doubling or tripling of the space,” Siu posited, voicing his strong conviction that the crypto market will continue achieving new feats afterward, including catapulting to a staggering $200 trillion market value within 10 years. He postulated:
“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.”
Key Factor To Fuel Market Cap Growth
During his interview, Siu revealed a crucial factor that could propel the crypto market value to $200 trillion. The Animoca Brands executive revealed that billions of people becoming digital property owners in the Web3 ecosystem is a prime catalyst for the market’s projected expansion:
“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,” Siu continued.
In his belief, Asia has solidified its position as the leading force in Web3 while other jurisdictions such as the United States trail behind due to the “uncertainty on the regulatory side”.
Siu’s optimistic vision of the Web3 market is in line with his bullish position on the world’s oldest and largest cryptocurrency, Bitcoin (BTC). As ZyCrypto reported in April, the Animoca Brands founder made another stunning market forecast, stating that he expects BTC to hit $100,000 before the end of this year and $1 million in the foreseeable future.
At the time of writing, Bitcoin was worth $67,708, nearly 15 times less than Siu’s seven-figure price tag.
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