In an interview Dan Morehead, CEO of Pantera Capital stated that the crypto market might hit around $40 trillion within 10 years.
After hitting the Cryptocurrecy $20,000 peak in December 2017, the Hedge fund’s returned the fund over 25,000 percent. The fund is known as very bullish and they think of setting up a long-short fund. Believing that ongoing values are and order of magnitude or two below the real and also fundamental fair value of Blockchain. Besides mentioning the fascination over the market which has a value of $400 billion and no one owns the market. If the market could reach $4 trillion then $40 trln could definitely possible, said by Morehead. Adding that’s it’s a 10 years forecast not to be happening within a night.
Moreover, Morehead pointed out with a positive tone if Wall-Street estimates growing interest in clearing crypto trades, it will lead a vibrant crypto borrow market within a year.
Morehead finished his interview with a positive vibe that the crypto market make a new hit within the upcoming year but he noted the that currently 10 percent of Pantera’s limited partners are currently institutional investors and that will change over 18 months, especially as the SEC continues to bring the crypto market under its jurisdiction, a move that will check “the last box” for institutional capital to flood in.