$100 Trillion Crypto Market? Experts Say It’s Inevitable

If you think the crypto boom has already peaked, think again. According to leading macro analyst Julien Bittel, the digital asset space is just getting started — and it’s on track to hit an astonishing $100 trillion market cap in under a decade.

Bittel, Head of Research at Global Macro Investor (GMI), laid out his thesis in a detailed thread on June 9, where he tied together everything from aging demographics to AI disruption and relentless money printing — and how these forces all point toward one conclusion: crypto isn’t just surviving. It’s about to explode.

Why the Old System Is Breaking: Demographics, Debt, and Deflation

Bittel starts by zooming out — way out. He points to a generational decline in labor force participation across developed economies. With aging populations and fewer young workers entering the job market, productivity growth is slowing down. Enter AI and automation, which, while boosting efficiency, add downward pressure on wages and inflation.

The result? A long-term deflationary spiral unless something — or someone — steps in.

His argument is simple but powerful: shrinking workforces plus rising entitlements equals more government debt. And to keep the system functioning, policymakers will keep leaning on monetary stimulus. This, Bittel says, leads directly to monetary debasement — the quiet erosion of your cash’s value, estimated at 8% annually.

“Cash has quietly become one of the riskiest assets out there,” Bittel warns.

Scarcity Wins: Why Bitcoin Benefits from the Macro Mess

With fiat currencies losing purchasing power and central banks trapped in endless liquidity cycles, scarce digital assets like Bitcoin become not just attractive — they become necessary.

Bittel and GMI founder Raoul Pal argue that liquidity, not just hype, has been the most reliable driver of crypto and equity prices. When GMI combines global central bank balance sheets and commercial credit creation into one metric, it tracks over 90% of Bitcoin’s price movements and 95% of the Nasdaq’s.

Now with AI, automation, and demographic decline baked into the system, Bittel says the need for liquidity is only going to grow. And that makes Bitcoin the prime beneficiary.

“Bitcoin has been compounding purchasing power faster than any asset in human history,” says Bittel.

The $100 Trillion Call: How It All Adds Up

Let’s talk numbers. The current total crypto market cap is about $3.5 trillion. Bittel projects a 40% annual compound growth rate over the next decade — or 61% annually if the timeframe shrinks to just seven years. That’s aggressive, yes — but not without precedent in past crypto cycles.

According to GMI:

• Bitcoin will be the anchor, with expectations that it could reach $450,000 per coin
• Altcoins will flourish, riding the wave of mass adoption and speculative momentum
• Institutions and governments will enter a “scramble phase”, racing to accumulate scarce digital assets as a hedge against fiat erosion

“This will be remembered as the greatest macro trade of all time,” Bittel predicts.

What Is “The Everything Code”?

GMI calls this thesis “The Everything Code” — a set of interconnected feedback loops between demographics, debt, liquidity, and technology.

Here’s the simple version:

1. Aging populations reduce economic productivity
2. Debt keeps rising to cover promised benefits
3. Central banks inject liquidity to keep markets and credit flowing
4. Currency debasement accelerates
5. Investors rush to scarce assets like Bitcoin to preserve purchasing power

This macro code, according to Bittel, will drive the next decade of wealth creation.

The Banana Zone and Reflexivity

Raoul Pal adds his own flavor to the thesis, calling the current environment “The Banana Zone” — a reflexive, feedback-driven phase where liquidity expansion and herd behavior supercharge gains.

He believes Bitcoin will act like a black hole — absorbing capital from other asset classes as trust in fiat currencies fades. His cycle target for Bitcoin is around $450,000, which implies a market cap of over $40 trillion — and that’s just Bitcoin.

Add Ethereum, stablecoins, tokenized assets, real-world asset platforms, and AI-integrated Web3 ecosystems, and suddenly $100 trillion doesn’t look so far-fetched.

Key Drivers of the Crypto Supercycle

Let’s break down the biggest forces propelling this thesis:

1. Institutional FOMO

With BlackRock’s iShares Bitcoin ETF ($IBIT) already managing over $70 billion just months after launch, the institutional wall of money is clearly moving into crypto. Fidelity, Franklin Templeton, JPMorgan, and others are following fast.

2. AI and Tech Integration

AI is eating the labor force, but it’s also accelerating financial modeling, strategy execution, and asset creation. Crypto is increasingly being integrated with AI infrastructure — from smart contracts to AI-generated tokens.

3. Tokenization of Everything

From real estate to art to stock portfolios, asset tokenization is moving from concept to reality. Goldman Sachs, Citi, and BlackRock are actively working on tokenized products. Circle’s post-IPO rise is another marker.

4. Global Fiat Devaluation

When even developed nations are debasing currency to manage debt, a global race to digital scarcity begins. Bitcoin and other cryptos represent that scarcity in a way that no fiat or centralized system can.

But… Is It Really That Simple?

Of course not. Bittel admits the journey will be “challenging and rewarding — the worst of times and the best of times.” Regulatory risk, tech shifts, political instability, and black swan events are all real threats.

Still, the macro tailwinds are aligning like never before. And if GMI’s forecast is even half-right, crypto could 10x to 30x in market value over the next decade.

TL;DR: Is a $100 Trillion Crypto Market Possible?

• Yes, says Global Macro Investor — and soon
• Macro forces like aging demographics, rising debt, and fiat debasement all drive it
• Bitcoin and crypto are seen as the escape hatch
• Institutions are already piling in
• $100 trillion in 7–10 years equals a 40–60% compound growth rate
• If it happens, it may be the greatest wealth creation event in modern history

Final Thoughts: Are You Positioned?

The crypto space moves fast — and the macro backdrop is shifting even faster. Whether you believe in a $100 trillion future or not, the signals are clear: this asset class is maturing, expanding, and increasingly backed by serious macro tailwinds.

This isn’t just a tech cycle. It’s a structural shift in how the world stores, moves, and preserves value.

Are you ready to be part of the next decade’s greatest financial story?

Let me know if you’d like a follow-up breakdown of the top sectors, tokens, or strategies to ride the projected crypto supercycle.