ccording to Dan Morehead, CEO of institutional asset manager Pantera Capital, there will be many troubled financial sectors in the coming years, but the digital asset sector will not be one of them.

Related to his prior comments, the executive asserted that a crypto bull market is on the horizon and that blockchain technology will be used by billions of people in the coming years.

Bullish as usual

In an interview with CNBC, Morehead predicted that cryptocurrencies would become incredibly popular in the coming years due to the benefits they could offer to the monetary network.

"The important thing to remember is that crypto is such a disruptive thing that it's going to alter so many aspects of our daily lives in the next decade," he said.

Furthermore, Pantera Capital's CEO predicted that billions of consumers would use blockchain technology in the coming years, potentially increasing the value of digital assets.

"I can see a world in a few years where risk assets are still struggling, but the blockchain is back to all-time highs predicated on its own fundamentals. Today, hundreds of millions of individuals use blockchain, but I believe in four to five years, it will be billions, and a billion individuals desire to purchase a fixed number of coins, so prices will likely rise."

Some of Morehead's previous forecasts have proven to be entirely accurate. In March 2020, he predicted that the value of bitcoin would reach a new high in the next 12 months. BTC reached a high of over $60,000 precisely one year after his statement.

Do you agree that many individuals will soon use blockchain in the future? Let us hear your thoughts by sharing this article on social media.

Sep 26, 2022
Digital Lifestyle

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