Pantera Capital CIOısu: c Krumsal investors changed the view of the market. Pan
Joey Krug, Pantera Capital CIO, one of the largest investment companies in the crypto money industry, said he expects the next Bitcoin bullhorn to carry the entire crypto money market up to 1000% higher than its current value.
Pantera Capital CIO: ılar Institutional investors have changed the market view. Pan
Joey Krug of Pantera Capital gave his ambitious forecast during a Bloomberg interview and said the next ascent would be the total volume of the entire crypto money market, which would be more than $ 2 trillion:
If you look at the next bull race, the crypto world can generally rise 10 times more than it is.
Last week, the financial sector players such as Fidelity Investments and Intercontinental Exchange (ICE) began to enter the crypto field, indicating that the news will lead to an increase in speculative investments Krug, the market is now maturing, and currently only expects to have something to trigger the bull race, he said.
The current situation shows that Blockchain development is similar to the first years of the Internet
For this to happen, Krug says crypto-currency networks must solve the scalability problem. Because the current situation is the beginning of Blockchain development, when the same Internet dial-up connection. Krug adds,
If you look at the internet, it’s easy to say. You only do one application, you pull some users and then you solve the problem of scaling. But this is all a separate market, so if you don’t have scalability, you don’t have a market maker and therefore you don’t have any liquidity.
Lightning and Liquid Networks
Two of the innovations, especially for Bitcoin, include Lightning and Liquid Networks networks. Lightning Network (LN), currently beta, is the second-floor protocol running on Bitcoin. Using the network’s built-in scripting language, users can transfer off-chain funds to LN pay channels. There is no need for mining validation in the process and can be processed instantly without any cost.
These technologies – like those from other obstacles – are not yet ready for primetime. But in the next few years, Krug said he expects some of his cryptocurrencies to reach the Visa / Mastercard scale. Meanwhile, he added that he believes the crypto money market will remain in range until the next catalyst arrives.