Billions of people will use cryptocurrency technologies in 4−5 years

Dan Morehead, Head of Institutional Asset Management at Pantera Capital, believes that there may be many troubled financial sectors in the coming years, but the digital asset industry will not be among them.

Morehead is confident that a bull market for cryptocurrencies is on the way, and blockchain technology will be used by billions of people in the coming years. In an interview with CNBC, Morehead expressed the opinion that cryptocurrencies will become very popular in the near future because of the benefits they can provide to the financial system.

«I see a world in a few years where risky assets may still be struggling, but blockchain will return to historic highs, driven by its own fundamentals.

Hundreds of millions of people are using blockchain today, but I think in four to five years it will be literally billions of people, and if you have a billion people and they want to buy a fixed number of coins, prices will go up."

It is worth noting that some of Morehead’s previous predictions were quite accurate. In March 2020, he said that the price of bitcoin would set a new record in the next 12 months. A year after his statement, the price of BTC exceeded $ 60,000.