Pantera CEO Dan Morehead believes that Blockchain tech will see a massive adoption soon

The digital asset market won’t be one of the many financially challenged sectors in the years to come, according to institute asset manager Pantera Capital’s CEO Dan Morehead.

During an interview with CNBC, Morehead predicted that cryptocurrencies will be quite popular in the near future because of the benefits they could offer to the financial system.

"The important thing to keep in mind is #crypto is such a disruptive thing that's going to change so many aspects of our lives in the next decade," says @dan_pantera. "We all are used to using #bitcoin as a proxy for blockchain, there are hundreds of really interesting projects." pic.twitter.com/Bt6e1UFF6t

— Squawk Box (@SquawkCNBC) September 21, 2022

“The important thing to keep in mind is crypto is such a disruptive thing that’s going to change so many aspects of our lives in the next decade.”

Additionally, according to the CEO of Pantera Capital, billions of users will use blockchain technology in the upcoming years, which might raise the price of digital assets.

“I can see a world a few years from now where risk assets might still be struggling, but blockchain will be back to all-time highs based on its own fundamentals. Hundreds of millions of people use blockchain today, but I think in four-five years, it’s going to be literally billions of people, and if you have a billion people, they want to buy a fixed number of coins, so prices will probably go up,” Morehead continued.

Previous predictions by Morehead 

It’s important to note that some of Morehead’s earlier predictions have proven to be very accurate. He predicted that bitcoin’s value would reach a new record in the coming year in March 2020. BTC reached its peak price of more over $60,000 exactly one year after his statement.

However, Morehead emphasized at the conclusion of the interview that many other cryptocurrency protocols are just as significant but that people tend to focus too much on the biggest cryptocurrency asset.

A similar stance was taken earlier this month by Morehead where he emphasized that the market had previously survived dips and will do so again. As TheCoinRise reported, he predicted that bitcoin’s price will increase by about 2.5 times annually and that some alternative coins may outperform bitcoin in terms of growth.