Pantera official: Next Bitcoin Rally Rise Market Rise ‘10x’

Oct 17, 2018 at 20:37

Pantera Co-chief Investment Officer Joey Krug forecasts the next surge will bring the cryptocurrency market cap 1,000% above its current valuation.

He noted that this will total to “more” than $2 trillion.

The official of one of the largest crypto firms made the remark during an interview with Bloomberg.

“If you look at that next bull run, I think the crypto space overall could hit 10x from here.”

He noted that, historically, huge surges were built on gargantuan news such as when financial industry players like Fidelity Investments and Intercontinental Exchange were entering the cryptocurrency space.

However, for a catalyst to materialize, blockchain players will have to buoy up their scalability capacity

“If you look at the internet, it’s easy to say, ‘Well, you just create an app, get some users, and then you solve the scalability problems.’ But these are all markets, and so if you don’t have scalability, you don’t have market makers, and so you don’t have liquidity, “ Krug added.