The value of the global cryptocurrency ecosystem will grow exponentially in the coming years and has a potential to grow up to 200 times in a decade, according to a co-founder of Hong Kong-based game software company and venture capital firm Animoca Brands.“In the near term — within 12 to 18 months — we can conceive of a doubling or tripling of the space,” Siu said, expressing confidence that the industry will continue hitting new milestones afterward.
“Basically over a five or 10-year period, I'm expecting the space to accelerate, 100 to 200 times — to $200 trillion — or even bigger. I think we could reach that kind of number within a decade.” The projected growth will be driven by billions of people who become digital property owners in the Web3 ecosystem, Siu said.
“It is entirely conceivable that we’re going to have a billion property owners because we’re going to have a billion token holders. This is not possible in the physical world,” the exec added.In the podcast, Siu also opined that Asia has established itself as the fastest-growing Web3 market, while jurisdictions like the United States have been lagging behind.
“Normally, the West, specifically the United States, tends to lead in all technology areas. But in Web3 it has fallen behind for obvious reasons, partially also because there’s been uncertainty on the regulatory side. For that reason, I think Asia is leading and will continue to lead.”