As demonstrated by its current market capitalization of $1.84 trillion, the crypto market continues to demonstrate its financial potential.

Michael van de Poppe, a market analyst, and investor, predicts that cryptocurrency would be a major stepping stone to many people’s money. He elaborated:

“Crypto is going to make a lot of people rich. Make a meaningful contribution to the world with the money you’ve earned. That’s exactly what we all require.”

 

The days of the crypto market being underestimated seem to be over. Jesse Powell, the co-founder and CEO of Kraken, a leading American crypto exchange, has hinted at this. He argues that mainstream adoption of the sector is still in its early stages.

The increase in Bitcoin ETF applications confirms Powell’s argument that the crypto industry is entering the early stages of mainstream adoption. Fidelity Investments Inc., for example, recently applied to the US Securities and Exchange Commission for permission to open an exchange-traded Bitcoin fund.

The market capitalization of cryptocurrency could double in the next two to three months.

The size of the crypto market is expected to double in the next two to three months, according to Real Vision Group CEO Raoul Pal. He admitted, ”

“The split of $1.8 trillion in the market cap of the entire digital asset space seems like a huge deal. The chart pattern shows that the break will accelerate. In the next two to three months, I expect the entire room to double.”

Based on some of the recent developments, crypto mass adoption could be on the horizon. Visa, for example, has announced that transactions using USD Coin would be permitted (USDC). Furthermore, there is a chance that General Motors will join Tesla in accepting Bitcoin payments in the future.

This information was revealed during GM’s fourth-quarter earnings conference call. Mary Barra, the company’s CEO, stated that the company was considering embracing cryptocurrency as a form of payment.