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The CEO of blockchain investment fund Pantera Capital Management, Dan Morehead has made the bullish claim that the cryptocurrency market could one day balloon to $40 trillion.
In an interview with Bloomberg Television on Thursday, Dan Morehead made some seriously bullish comments in regards to Bitcoin, claiming the gold standard of digital assets “is a screaming buy right now.” While the market hovers around the $400 billion mark, Morehead sees the current offering as but an appetizer to whet the appetite.
Even though Pantera Capital has around 10 percent of its investments in bitcoin, the investment fund is betting largely on Icon, which enables different blockchains to talk to each other without intermediaries.
He went on to say that the $400 billion market cap of the digital currency industry could grow to $4 trillion, with $40 trillion being ‘definitely pos...
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