Dan Morehead, a top executive of popular crypto investment company Pantera Capital during a recent podcast interview declared that Bitcoin’s recent price performance has exceeded all expectations. He further stressed that this performance highlights that the crypto asset has become a viable investment tool.
Morehead also got to predict that Blockchain would become a very interesting investment option in two decades.
He highlighted that the crypto space has been facing some level of hostilities from the US authorities. However, he believes this would not deter traditional investors from Bitcoin. He points out that instead, the coin keeps gaining the trust of these investors as each day passes.
The Pantera Capital top executive also noted that the popular crypto token has gotten to a stage where it has “escape velocity.” He went on to clarify that though the coin is currently over $18,000, it was still 52% lesser than its long-term regression.
He agrees that the federal government decision to print more dollars would push more people into seeing Bitcoin as an investment option. This would keep driving the price of the coin as the growth of the industry would be pushed by real interest of investors.