Hong Kong Company Web3 Predicts 200-fold Growth in the Cryptocurrency Market!

A 200-fold growth forecast for the cryptocurrency market came from Animoca Brands.

Yat Siu, co-founder of Hong Kong-based gaming software company and venture capital firm Animoca Brands, said that the cryptocurrency market will grow 200 times in the next 10 years:

Basically, in a 5 or 10 year period, I expect the industry to grow 100 to 200 times to $200 trillion or even more. I think we can reach that kind of level within ten years.

Stating that the sector is taking firm steps towards near-term milestones, Yat Siu predicted a two- or three-fold growth in the next 12 to 18 months.

He noted that the fastest growth in the industry will be seen on the Web3 side and that users will shoulder a great acceleration that is not possible in real life.

He stated that today, dominance in the Web3 field is in Asia and that the USA is lagging behind due to its sanctions policies:

It's entirely plausible that we'll have a billion holders because we'll have a billion token holders. This is not possible in the physical world. The leading force in Web3 right now is clearly Asia. The USA fell behind because of the policy it implemented.