Pantera CEO Believes Crypto Will Achieve Literally Billions Of Users In The Years To Come

Pantera CEO Dan Morehead believes that worldwide crypto use will skyrocket in the next four to five years, resulting in price increases.

The Pantera founder and CEO highlighted the present condition of the digital assets field in a Wednesday interview with CNBC’s Squawk Box, expressing his faith in blockchain’s future despite the market’s dramatic drop from all-time highs.

Morehead believes that cryptocurrency is in a “secular bull market” that has been in a downturn with other risk assets in recent months, and that the new asset class may lose its strong association with other markets in the future.

“I can easily see a world a few years from now where risk assets themselves might still be struggling but blockchain’s back to all-time highs,” he said.

Pantera’s CEO stated that the value of cryptocurrency would rise as adoption increased, offering a bold forecast about how the asset class may grow in popularity over the next several years:

“Hundreds of millions of people use blockchain today, I think in four or five years it’s gunna be literally billions of people.”

According to Crypto.com data, Bitcoin has expanded to around 200 million users globally since its inception as a small Cypherpunk movement in 2009. The larger crypto industry was approaching 300 million users at the start of the year.

However, the sector has been in a bear market for some months, casting doubt on the prospect of near-term strong development. At the time of writing, BTC is trading at $18,681.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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