Crypto Market Hitting $40 Trln In 10 Years “Definitely Possible”, Says Pantera Capital CEO

Dan Morehead, CEO of Pantera Capital, a $1 bln cryptocurrency hedge fund, said that the crypto market could hit “$40 trln” within ten years, in an interview for Bloomberg Television April 26.

The hedge fund’s first Bitcoin-only fund returned over 25,000 percent when the cryptocurrency hit its $20,000 peak in December 2017. The fund is “very bullish” on the crypto space and and is set up as a long-short fund, believing that current values are at “an order of magnitude or two below the real, fundamental fair value of Blockchain”:

“It’s a fascinating market … a $400 bln market that nobody owns … we’ve never seen that before … the industry as a whole could easily go to $4 trln, $40 trln is definitely possible … It’s the ten year forecast, it’s not going to happen overnight.”

Morehead pointed to last year’s listing of crypto futures on CBOE and CME as being one way to potentially go short with crypto asset investments as the market matures

Read Full: Crypto Market Hitting $40 Trln In 10 Years “Definitely Possible”, Says Pantera Capital CEO