ALL INPredictions
Last updated Nov 29, 2025
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Chamath @ 00:29:57Right
marketseconomy
Cryptocurrencies, having reached roughly $3 trillion in aggregate market value and significant institutional adoption by October 2021, will not be banned out of existence or disappear; the crypto asset class will persist as a lasting part of the global financial system.
I think that, um, you can't wipe $3 trillion of value out of the world. And so... So it's here to stay. And it's too institutionalized now.View on YouTube
Explanation

By late 2025, cryptocurrencies clearly remain a persistent asset class and have not been banned out of existence or disappeared.

Key checks:

  1. Total crypto market value still in the trillions
    As of 2025, the global cryptocurrency market capitalization (including Bitcoin, Ethereum, and many others) continues to fluctuate in the trillions of USD, not at or near zero. Major market trackers (e.g., CoinMarketCap, CoinGecko) show a large, active market with substantial daily trading volume and thousands of listed assets.

  2. Ongoing institutional adoption
    Since 2021 there has been more institutionalization, not less:

    • Multiple spot Bitcoin ETFs and other crypto-based exchange‑traded products have launched in major markets (e.g., in the U.S. and Europe), aimed specifically at institutional and mainstream investors.
    • Large financial institutions (global banks, asset managers, payment processors, and custodians) continue to offer crypto trading, custody, or related services; several have dedicated digital‑asset divisions.
    • Public companies continue to hold Bitcoin and other cryptoassets on their balance sheets and to provide crypto‑related products to clients.

  3. Regulation instead of prohibition
    While some jurisdictions (e.g., China) have imposed very strict bans on certain crypto activities, no coordinated global ban has wiped out the asset class. In major financial centers (U.S., EU, U.K., etc.), authorities have moved toward a mix of regulation, enforcement actions, and licensing regimes rather than outright elimination. Crypto markets, exchanges, and DeFi protocols remain widely accessible (within varying regulatory constraints).

  4. Integration into the broader financial system
    Cryptocurrencies are now embedded in:

    • Regulated exchanges, brokerages, and fintech apps.
    • Payment and remittance services using stablecoins and other tokens.
    • On‑chain financial infrastructure used by both retail and institutional participants.

Given that, several years after the October 2021 prediction, crypto clearly has not been wiped out and remains a substantial, institutionalized part of the global financial system, Chamath’s qualitative claim that it is “here to stay” is borne out by events so far.

Therefore, the best classification is: right.