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    Bloomberg Analyst Says This Crypto Sector’s Market Cap Could Explode by 3,900% in Five Years

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    Bloomberg Analyst Says This Crypto Sector’s Market Cap Could Explode by 3,900% in Five Years

    Bloomberg Intelligence analyst Jamie Coutts says that one crypto sector could experience explosive growth over the next half a decade.

    Coutts says that smart contract blockchains such as Ethereum (ETH) and Solana (SOL) could reach 100 million daily users by 2028 by growing at 20% quarter-on-quarter.

    According to Coutts, the number of daily users of smart contract blockchains is currently over five million as a result of a quarter-on-quarter growth rate of 29% since 2019. A growth in the user base from five million to 100 million equates to 20x growth.

    Source: Jamie Coutts/X

    The Bloomberg Intelligence analyst says that the growth of smart contract blockchains may mirror that of online payments giant PayPal.

    “It took PayPal 13 years to reach 100 million daily users. They now have more than 400 million but growth has slowed.

    If Ethereum was day zero for smart contracts (2015) then it may take a similar time frame for blockchains to reach a similar level of adoption.”

    Source: Jamie Coutts/X

    According to Coutts, a 20% growth rate quarter-on-quarter could result in the total market cap of the smart contracts ecosystem soaring from around $350 billion currently to between $5 trillion and $14 trillion when the number of users rises to 100 million – an increase of between 1,328% and 3,900%.

    “While overly simplistic extrapolations such as this should never be solely relied on for valuation purposes, the exercise illustrates that users and prices are inextricably linked and that as adoption continues, prices are likely to track much higher for some assets.”

    Source: Jamie Coutts/X

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    The post Bloomberg Analyst Says This Crypto Sector’s Market Cap Could Explode by 3,900% in Five Years appeared first on The Daily Hodl.

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