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- Asset Tokenization to Hit $2 Trillion by 2030!
Asset Tokenization to Hit $2 Trillion by 2030!
In a bullish scenario, analysts predict that this value could double to around $4 trillion.
Danielle du Toit
June 24, 2024
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Asset Tokenization to Reach $2T by 2030 Despite ‘Cold Start’ - McKinsey
Ark Invest CEO Cathie Wood Endorses Trump, Cites Economic Record
Michael Saylor Predicts $10 Million Bitcoin and Global Adoption
Ether Could Plummet to $2,400 Following Launch of Spot Ether ETFs, Warns Crypto VC Founder
Tokenized financial assets have had a bit of a “cold start” but they are on track to reach a market size of about $2 trillion by 2030.
According to analysts at consulting firm McKinsey & Company, in a bullish scenario, this value could double to around $4 trillion.
Despite visible momentum, the broad adoption of tokenization is still distant because of the challenges faced in modernizing existing financial infrastructure, particularly in the heavily regulated financial services industry.
The analysts also pointed out that early adopters of tokenization could gain a majority market share, which could later allow them to influence standards.
Cathie Wood recently announced her intention to vote for Donald Trump in the upcoming U.S. presidential election.
According to Wood, she based her decision on who she will be voting for on economic reasons.
Wood specifically mentioned the economic performance of the U.S. during the first three years of Trump's presidency, and even called it the best in U.S. economic history.
Trump recently voiced his acceptance of cryptocurrency, which suggests that there is a potential alignment between his economic policies and the interests of the crypto community.
Saylor predicted that BTC's price will soar to $10 million per coin and that China might eventually adopt Bitcoin on a national scale.
In a recent podcast, Michael Saylor called traditional economics pseudoscience, and described it as a quasi-religious liberal art filled with biases.
Saylor believes Bitcoin has the potential to render traditional financial instruments obsolete and can extend the average life expectancy of corporations beyond the current 10 year average.
Saylor also predicted that a single Bitcoin could eventually be worth $10 million, based on its superior monetary properties and its potential to revolutionize the global financial system.
The price of ETH could experience a more than 30% drop after the launch of Spot ETH ETFs.
Andrew Kang of Mechanism Capital pointed out that ETH attracts less institutional interest than Bitcoin and has limited incentives for converting spot Ether into ETF form.
Kang suggested that if his prediction holds, it would be a big setback for ETH, which reached a price of more than $4,000 during Bitcoin's all-time high earlier this year.
Kang expects spot Ether ETFs to only attract around 15% of the flows seen by spot Bitcoin ETFs.
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