Billions of People to Use Blockchain Tech Soon: Pantera Capital CEO

Pantera Capital’s head of institutional asset management Pantera Capital, Dan Morehead, believes there will be many financial sectors that are in trouble over the next few years. However, the digital asset sector is not one of them.

The executive stated that the crypto bull market was on the horizon, and that blockchain technology would be used by billions in the future, similar to his previous statements.

Bullish as Usual

CNBC interviewer Morehead stated that cryptocurrency will soon be a popular choice because of the benefits they offer to the monetary system.

He said that crypto is a disruptive technology that will change many aspects of our lives over the next decade.

Pantera Capital CEO, meanwhile, predicted that in the next few years, billions of people will use blockchain technology, which could increase the price of digital assets.

“I can see a future where risk assets will still be struggling in a few years, but blockchain will return to its original fundamentals at all-time highs.”

Although blockchain is used by hundreds of millions of people today, I believe that in four to five years it will be billions. If a billion people want to purchase a certain number of coins, then prices will likely rise.”

Dan Morehead, Source: CNBC

It’s worth noting, however, that Some of Moreheads past forecasts were quite accurate. He claimed in March 2020 that bitcoin’s value would surpass $60,000. One year later, BTC reached its peak at more than $60,000.

However, Morehead said that the primary digital asset is too important when there are many other protocols.

“We are all used to using Bitcoin as a proxy blockchain. There are hundreds of really exciting projects.”

The Rally is Coming Soon

The American showed a similar position earlier this month. It reminded that the market has been through declines in the past and will continue to do so.

According to him, bitcoin’s value will continue to rise by about 2.5x per annum, while other coins may surpass it in terms of its development speed.

“Bitcoin doesn’t have to be everything. Bitcoin was once 100% of the market. For a while, Ethereum and Bitcoin were basically everything. There are many important projects and bitcoin has rallied a little, but there are other projects that have rallied more.

CryptoPotato’s first article was entitled “Billions to Use Blockchain Tech Soon: Pantera Capital CEO”

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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