The global crypto market already boasts an impressive market cap of over $1 trillion. However, a report from Northern Trust in collaboration with HSBC, says that this figure could still rise exponentially, and a Wall Street analyst has suggested that XRP is the coin to buy to take advantage of this growth.
Digital Assets To Account For 10% Of Global Assets
According to the report, digital assets are expected to account for up to 10% of all assets by 2030. That means the market could be valued at over $14.5 trillion since these financial firms also project that the global asset market could rise to as high as $145.4 trillion by 2025.
The basis for this projection is premised on the growing rise of cryptocurrencies, stablecoins, central bank digital currencies (CBDCs), and other technological innovations that promote several uses for these tokens.
Furthermore, factors like the approval of Spot Bitcoin ETFs, regulatory certainty, and mass crypto adoption among institutional investors
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