$100 Trillion Crypto Boom? Macro Experts Say It’s Closer Than You Think

Global Macro Investor’s head of research Julien Bittel outlined a bold vision for the digital-asset market, projecting a surge from its current $3.5 trillion valuation to $100 trillion within the next decade. His analysis, dubbed "The Everything Code," hinges on a demographic-debt-liquidity feedback loop that underscores systemic pressures in developed economies.

Labor force participation rates are declining structurally, accelerated by AI and automation. This deflationary trend collides with unfunded entitlement obligations, creating a fiscal imperative for continuous stimulus. "Fewer workers. More tech. Same debts," Bittel notes, framing this as an inescapable driver of monetary expansion.

With global debt nearing 120% of GDP, Bittel sees debt monetization as the only viable path forward. Policymakers will likely tolerate rising debt-to-GDP ratios rather than impose austerity, fueling currency debasement. Such conditions historically catalyze capital flight into hard assets—a tailwind for crypto’s store-of-value narrative.