Only a few understand, how big could be the crypto-industry

Raoul Pal, the macro analyst, and former Goldman&Sachs investment banker is a kind of influencer in the crypto-community. There are many price-prediction, even from him too, but lately, he tweeted an interesting thread about the current financial sector and crypto-industry comparison. It worth reading.

Not so many people know, actually how big is our existing monetary system, and which parts could be run on blockchains, with cryptocurrencies. Current market capitalization is almost nothing, and it’s sure, the bitcoin at own, won’t be able to replace all of the financial sectors. As in traditional finance, in the world of fiat currencies and plenty of securities, there will be more “winners” in the crypto. Not just one, which will take everything. The money system is simply too big for a single dominant blockchain-network.