The presentation was concluded by the Pantera CEO. He stated that he thinks that the existing cryptocurrency market cycle differs from previous years due to strong fundamentals. He pointed out that there are roughly 200 million people who utilize blockchain-based platforms as well as cryptocurrencies.
” We are nearly at the point when half the marketplace is things aside from the primary blockchains. I am still hugely bullish on Ethereum and Bitcoin. These projects will carry out even much better, and I believe they should be part of somebodys portfolio.
Morehead made parallels to 2000, when new technology business such as Amazon, Apple and Google began to draw in significant financial investments, after years of being dominant in the stock market.
Morehead said that DeFis present market capital of $20 billion is a great indication of the sectors possible growth. This compares to the $3 trillion conventional finance system has.
The presentation was concluded by the Pantera CEO. He specified that he thinks that the existing cryptocurrency market cycle varies from previous years due to strong basics. He explained that there are roughly 200 million individuals who utilize blockchain-based platforms along with cryptocurrencies. This number could grow to one billion over the next three year.
” We are almost at the point when half the market is things other than the primary blockchains. I am excited to see a world in which individuals produce and add worth, and where all networks own their data.
Pantera, a crypto-focused investment fund, has $4.5 billion in assets under management. It said that it sees value in new crypto use cases.
Morehead explained that Bitcoin (BTC), Ethereum (ETH), and other cryptocurrency investments dominated the last years. Nevertheless, he argued new projects and utilize cases could use even greater returns on their investment.
Related: Pantera will close Blockchain Fund quickly after raising $1.3 B– two times the target
Morehead even described Web3 as the “most inescapable trade” he had ever seen. He highlighted the potential for Web3 to be decentralized and offer worth back to creators and users.
” The existing web is everything about drawing out worth from you. Huge tech has some issues with governance. I am thrilled to see a world in which individuals develop and include value, and where all networks own their data.
On Wednesday, thousands of people collected at the Marina Bay Sands Convention Center to witness the opening of the conference. It features speakers from the cryptocurrency- and blockchain environments.
Morehead says that the 3 most appealing tasks are DeFi, Web3, NFTs, and Metaverse. Pantera CEO also discussed the state of DeFi after it needed to sustain a difficult couple of months following Terra/Luna collapse, along with the contagion from now-defunct loaning business.
Web3s focus on giving users control over their platforms and information owned or managed by communities was another reason why the CEO was bullish.
Dan Morehead, creator and CEO of Pantera Capital.
In his keynote speech at Token2049, Dan Morehead, CEO of Pantera, highlighted the potential development in Decentralized Finance (DeFi), Web3 performance and Metaverse applications.