Pantera Capital CEO Dan Morehead believes blockchain adoption will become mainstream in the coming years and Michael Saylor predicts that Bitcoin will hit $500.000 per coin within a decade.
The CEO of institutional asset management firm Pantera Capital, Dan Morehead, is convinced that the cryptocurrency and digital asset sector will be able to overcome the economic crisis that is looming in the coming years and will even emerge stronger.
During a Interview for CNBC, Morehead has explained that blockchain technology and cryptocurrencies will break the adoption barrier in the coming years, thanks to all the advantages they can bring to the global monetary network.
For the CEO of Pantera Capital, cryptocurrencies are such a disruptive element that “Many aspects of our lives will change in the next decade".
On this point, he also points out that in the next four or five years, Billions of people will adopt blockchain in their daily lives, which will boost the price of some cryptocurrencies.
“I see a world, years from now, where risk assets might continue to struggle, but blockchain will once again reach all-time highs based on its own fundamentals.”
Although there are already hundreds of millions of people Using the blockchain At the moment, Morehead believes that widespread adoption will occur in the next few years. In this sense, if there are a billion people buying a fixed number of tokens, Prices will probably rise.
During the interview, Morehead also points out that the crypto community is often focus a lot on Bitcoin and that there are other tokens that are just as important.
“There was a time when Bitcoin was 100% of the market. Later, Bitcoin and Ethereum were essentially everything. Now there are many, many really big projects, and you’ve seen Bitcoin rally a bit, but the real story is the different projects.”
Dan Morehead, a cryptocurrency visionary?
This is not the first time that the CEO of Pantera Capital has made such predictions about the sector. In March 2020, he claimed that Bitcoin's valuation would reach a record high in the following 12 months, something that happened exactly one year after his prediction, when BTC marked its All-Time-High (ATH) of over $60.000.
The entrepreneur remains positive about cryptocurrencies and the industry in general. During another interview earlier this month, he reminded the community that he had already There have been other bear markets and they have all been overcome.
Michael Saylor continues to bet on Bitcoin
Even though, during the weekend, Bitcoin price has fallen back to slightly below $19.000, Michael saylor continues to bet heavily on the first cryptocurrency.
During an event sponsored by MarketWatch last Wednesday, the CEO of MicroStrategy assured that the main cryptographic token will regain his All-Time-High and still has plenty of room for further growth.
“I think the next logical stop for Bitcoin is to replace gold as a non-sovereign asset of value. Gold is a $10 trillion asset. Bitcoin is digital gold, It is 100 times better than gold“Saylor said during the event.
The CEO of MicroStrategy, who has continued to buy Bitcoin and is already owns 130.000 BTC in his company's portfolio, he also believes that in the next decade the price of A single BTC could exceed $500.000.
“In crypto, the half-life of money is eternal. You can move it across billions of computers at the speed of light. So if Bitcoin reaches the value of gold, will reach $500.000 per coin“And I think that will happen in the next ten years,” Saylor concluded.
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