Pantera Capital: Crypto Market May Grow Tenfold in 10 years

April 28, 2018

Pantera Capital hedge fund’s head Dan Morehead has voiced his optimistic view over further crypto market development. He believes, market cap will reach $40 trillion in the years to come.

In the interview to Bloomberg Television Morehead claimed, Bitcoin now “is a screaming buy right now.” Despite BTC price is over two times lower than the historic peak and has dropped by thousands since the beginning of the year, the hedge fund’s CEO supposes, it is to set another next record in the next 12 months.

Morehead is also convinced in cap growing for the whole crypto market which now makes $420 bln. He stated that the 10-time-increase to $40 trillion is quite likely and added this won’t come offhand but will take the nearest 10 years.

When speaking on some specific cryptocurrencies Pantera Capital marks Icon (ICX), a decentralized network for communication among blockchains. Morehead continued that growing number of Wall Street representatives focus their attention on crypto market as “anything that’s a $400 billion asset will not be ignored for long.”

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