Blockchain Dan Morehead, the boss of Pantera Capital, which invests in the cryptocurrency thinks that their projects can be more profitable than others.
Morehead talked about the future of cryptocurrencies in a new interview with CNBC. The CEO believes that even though there are up and down movements in Bitcoin and Ethereum prices, at the end of the day, cryptocurrencies will reach billions of people.
“I think it’s not the BTC or ETH price that matters. What matters is that cryptocurrencies will change many aspects of our lives in the next half century. Although there may be decreases from time to time, cryptocurrencies will be permanent in the long run.”
Morehead expects the number of people using cryptocurrencies to exceed 1 billion in the next 5 years. According to the CEO, as the number of users increases, the demand will increase, and the price will rise as the supply of BTC is stable.
Morehead: These Altcoins Can Grow!
Dan Morehead, who manages the approximately $4.5 billion fund, altcoin thinks their projects are more advantageous. The fund manager shared the projects that he thought were more prominent than the others with his followers.
Morehead; NEAR Protocol (NEAR), Uniswap (UNI) and 1inch (1INCH) He thinks that his projects can be valued even more in the future.
“Many altcoin projects are doing well. However, I think NEAR, UNI and 1inch projects will gain even more value in the future.”
Finally, the fund manager stated that he thinks the correlation between cryptocurrencies and stock markets will disappear in the future.
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