RBC Capital Markets analyst Mitch Steves thinks that the blockchain industry will reach $10 trillion in the next 10-15 years.
While the cryptocurrency world is completely focused on the prices of digital coins, one step ahead. Those who manage to look behind are interested in how Blockchain technology will change the world.
In an interview with CNBC, RBC Capital Markets analyst Mitch Steves explained the results of his research on blockchain technology and stated that the industry will be worth 10 trillion dollars in the next 10-15 years. He stated that it could become an industry.
This is more than 10 times the current market volumes of digital currencies.
WEB 3.0 IS COMING
Steves, currently blockchain technology created points out that companies will replace traditional ones and create a decentralized computer network, which can also be called web 3.0.
Steve also uses the example of Dropbox. While he argues that current centralized systems will be recreated with peer-to-peer chain of chain platforms, which are much stronger against cyber attacks, he emphasizes that these companies need to move to a new decentralized structure in order to continue on their way.
Steves adds the following words:
We can expect open source, decentralized systems to increase their impact in the market to trillions of dollars.
Steves believes that the ecosystem will create the market value. While he argues that the individual market value of cryptocurrencies or tokens associated with the companies that make up the industry will be just one part of the business.