According to Dan Morehead, the CEO of Pantera Capital, the cryptocurrency market in about 10 years will be able to occupy a dominant position in the world.
Billions of people will use Bitcoin, and the financial industry will finally enter a new phase of development, where the determining factors will be instant cross-border payments. Morehead expressed this point of view in an interview with Bloomberg and noted that over the next few decades it will be possible to use Bitcoin everywhere, including the purchase of coffee and other goods.
The first blow to modern civilization was dealt by the Internet, the mass introduction of which made a real revolution. However, the introduction of the Internet had almost no effect on the dynamics of the development of the financial industry, but cryptocurrency, and Bitcoin, in particular, can lay the foundation for a transition to a new era.
The main driver of the growing popularity of Bitcoin will be an increase in the number of people using this digital asset when paying for goods and services. In a short time, the number of people using Bitcoin has grown more than 10 times. 6-8 years ago in the world, one million people used Bitcoin in the best case, and now more than 50 million people use this coin.
The financier expressed similar forecasts earlier. In April, Dan Morehead announced that the capitalization of the cryptocurrency market could grow to $ 40 trillion as investments in digital assets increase.