#crypto #wealth #bitcoin #Knights #Knightsbridge
“Wealth accumulation is increasing our net worth over time. This is typically done through a combination of active earning and investment. Individual wealth accumulation is a positive act”–Paul Ebeling
While increasing your income and lowering your expenses will lead to wealth accumulation, most people take the step of using wealth to grow wealth. This is where wealth accumulation really takes off.
Added to that, former Goldman Sachs executive Raoul Pal says an explosion of the crypto market cap by 200X in the next decade is a possibility.
In a new interview with crypto analyst Scott Melker, the macro guru says that we could witness an unprecedented accumulation of wealth in the next 10 yrs.
“What I do know is if I just extrapolate the network adoption effects, the number of users, and where the number of users is going and assume it gets to somewhere between four and five billion in the next 10 years or so – which would be central bank digital currencies enabling it, all ticketing, a whole bunch of stuff going that way – the market cap of the space goes from $1 trillion to $200 trillion…
People don’t realize the world has never seen an accumulation of wealth like that in history. This would be the shortest period of time of the largest accumulation of wealth ever seen.”
While Mr. Pal is extremely bullish on the long-term prospects of crypto, he acknowledges that he could be wrong by a wide margin.
“Even if I’m wrong, let’s say I’m a total moron and I’m wrong by 90%, we’ll $20 trillion [from] $1 trillion, I’ll still take that bet because it’s still the best bet in the world, and that’s by me being wrong by 90%.”
At time of writing, the crypto market cap is hovering at slightly above $1-T.
The Knights Platform is an electronic network that links the trading floors of every relevant Crypto Exchange
Market participants, Brokers and market makers can take a price on any of the linked exchanges to find and execute the best price available. Eventually, as they are on boarded, a broker on the floor of one exchange could directly place an order through Knights rather than going through a broker on another exchange.
A tip of my hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. Click here
Editor’s Note: The market cycle is a naturally occurring phenomenon, attributable to human psychology, and has repeated itself time and time again, though with some variations, in the lives of nearly all market traded instruments. This cycle repeats itself to varying degrees but is fairly accurate in representing the shift between market sentiments of euphoria and pessimism, and an acknowledgment of this natural phenomenon is Key to profiting from any traded instrument, including Bitcoin. My work shows a return to the mean and then all-time highs in here. Tune out fear.
Have a prosperous day, the Chaos is over!