"Billions of people will use cryptocurrencies in 10 years," says Pantera Capital CEO

In an interview with BNN Bloomberg , Dan Morehead , the CEO of Pantera Capital, spoke about his vision of the evolution of the crypto-market. According to him, "billions of people will use Bitcoin (BTC) within a decade. "

Bitcoin is "a serial killer"

While disruptive technologies are generally referred to as "category killers," Bitcoin would be a "serial killer," according to Morehead . Dozens of sectors are shaken by the new financial system carried by crypto-currencies. Moreover, emerging technologies have already demonstrated their ability to overturn the sub-sectors of the traditional financial industry.

Although virtual currencies are still in the throes of countries around the world, they have demonstrated their value as cross-border currencies .

The CEO of Pantera Capital, one of the first digital currency investment companies, added:

"It's great to store your wealth, especially if you live in a country where currency depreciates and capital controls are very popular. Bitcoin is very good at some things. Today and over the next few decades, it will be used in activities such as buying a cup of coffee and, at present, it is excellent for cross-border fund transactions. "

What's next for #crypto ? Here's a recap of @dan_pantera's interview with BNN Bloomberg earlier this week. https://t.co/WSwCCGIfaq

- Pantera Capital (@PanteraCapital) November 15, 2018

The transfer of BTC is "essentially free" and instant, which is a key advantage for immigrants wanting to send money to their families.

A great optimist

The extremely long transaction time is one of the biggest banking plagues to date. According to Morehead's explanation, getting a suitcase full of money and getting there would be much easier.

Given that Bitcoin offers serious advantages, its global adoption would make sense.

However, the lack of user-friendliness in the process of acquiring digital currencies on crypto-exchanges remains a major obstacle. The companies in the sector are taking up this challenge.

 

On the other hand, issues of scalability and the number of transactions per second will be addressed in the coming years, according to Morehead. "The Blockchains will be able to process thousands of transactions per second, or even hundreds of thousands in the future," he added.

While one million people used Bitcoin six or eight years ago, 50 million use it today. "In 10 years, billions will have adopted," concluded the CEO of the investment firm.

What do you think of Dan Morehead's predictions? React quickly in the comments section below