In a new interview, Pantera Capital’s Morehead disclosed his thoughts on Bitcoin (BTC) and its future, as well the capability to disrupt at least 50 industries as we can see in the bitcoin news now.
With 2019 at its end, Bitcoin has been one of the most important topics of the year, because many expect the next decade to be the “cryptocurrency decade”. For now, Bitcoin’s price is still falling down, and having the present situation is not great, still, it is not catastrophic as in 2018.
At the time of writing this article, the Bitcoin price is at $7087.60 -0.26%. The highest $7087.60 -0.26%. for Bitcoin (BTC) was about $14,000, which means that the present price is little above half of that figure. Besides everything, this means that Bitcoin (BTC) is a well-performing asset year on year, as the price of Bitcoin (BTC) was around $3,500 at the end of the last year.
There is a multitude of those who think favorably about Bitcoin’s future. Ross Ulbricht is one of the people that have an optimistic opinion about Bitcoin’s future. Ulbricht is the founder of one of the biggest crypto powered darknet markets. His pseudonym was Dread Pirate Roberts and he operated under that name until his arrest in 2015.
Yet, he continued observing Bitcoin’s price movements, and he utilized the Elliott Wave Theory forecasting the future of Bitcoin (BTC). He concluded that Bitcoin (BTC) will possibly grow to $100,000 in 2020. While there is general sentiment considering this impossible, Bitcoin (BTC) has already shown its ability to grow beyond the general expectations.
Ulbricht is not alone in thinking that Bitcoin (BTC) has a promising future ahead. Confident claims about Bitcoin (BTC) have originated from a source more valued, which is Pantera Capital’s Morehead, the CEO of Pantera Capital Management LP.
In a new interview, Dan Morehead focused primarily on the use cases of Bitcoin and the reasons why investing in Bitcoin (BTC) now is a smart thing to do. Dan thinks that Bitcoin (BTC) is a very disruptive technology and that it could influence at least 50 different fields. He gave some examples, such as voting rights, cross border money movement, electronic payments, remittance, identity and many more.
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