‘Pantera Capital Chief Investment Officer Dan Morehead said that he believes Ether (ETH) will overtake bitcoin (BTC) in 2018. In a recent interview with CNBC, Morehead stated that he sees Ether (ETH) as the superior cryptocurrency and Bitcoin (BTC) as “topping out.”’
Pantera Capital has said that Ethereum (ETH), not Bitcoin (BTC) is the key to the long-term success of blockchains. In a recent interview with CoinDesk, entertainment entrepreneur Walker Coleman indicated that he’s open to investing in both Ethereum and Bitcoin.
The hype surrounding the rise of ethereum, the second largest cryptocurrency and the biggest blockchain platform, has reached feverish levels. The latest indicator of its growing popularity is when it overtakes bitcoin in terms of market cap and becomes the second biggest cryptocurrency on the planet.. Read more about will ethereum crash 2021 and let us know what you think.
Since Ethereum’s (ETH) price began to rise, this issue has been a source of discussion. And it’s clear, as most people believe, that when it comes to technology, ETH will undoubtedly beat BTC in the near future. Furthermore, Dan Morehead, the CEO of Pantera Capital, adds and expresses his support for the issue in his own terms.
Overview of Pantera Capital
Pantera Capital is the first crypto-focused hedge fund in the United States. Furthermore, they are the first institution to use blockchain technology to provide asset management for businesses and institutions, including digital assets.
Apart from that, Pantera was the first to put Ethereum-based decentralized apps to market. Pantera Capital was the first in the United States to adopt several aspects of the crypto sector.
The CEO’s Opinions
Words from the CEO of such a well-known company are likely to be remembered. Dan Morehead, the CEO of Pantera Capital, is one of the most powerful figures in the crypto and hedge fund industries. With more than 25 years of expertise managing money, investments, and tradings, he knows what he’s talking about. This may not happen right away, since if it isn’t now, it will be later.
Despite this, Dan Morehead believes that Ethereum (ETH) will eventually dethrone Bitcoin (BTC) and become the most popular cryptocurrency.
Furthermore, the CEO backs up his claim that the Ethereum Improvement Proposal (EIP) 1559 would boost ETH trading significantly. Many worldwide businesses that have digital assets established by the institution are already transitioning from BTC to ETH, according to the CEO. Apart from them, people are also switching from BTC to ETH.
Furthermore, according to the CEO, with the introduction of Ethereum 2.0, ETH will reach new heights. The energy consumption and carbon footprints of ETH mining are very low with ETH 2.0, as shown by the fact that the energy consumption and carbon footprints of ETH mining are extremely low.
Furthermore, the many and diverse apps that are compatible with ETH drive the usage of the ETH blockchain entirely. Furthermore, the majority of decentralized finance-based apps and smart contracts are built entirely on the Ethereum blockchain and platform. Unlike BTC, which does not allow DApps, this will increase ETH at a steady pace indefinitely.
CEO Predictions in BTC
On the contrary, the CEO expressed some optimism regarding BTC as well. As a result, he believes BTC’s future is bright, and that by the end of 2021, it will be trading between $80,000 and $90,000.
He also believes that BTC would exceed $120,000 in a year’s time.
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