This particular topic has been a debate over time till date ever since Ethereum (ETH) started peaking upwards. And it’s evident as most agree to the fact when spoken upon on a technological basis that ETH will for sure defeat BTC soon. In addition to this, the CEO of Pantera Capital, Dan Morehead adds and puts forth his support towards the controversy on his own terms.
Pantera Capital Overview
Pantera Capital is the first most crypto-based hedge fund company in America. Moreover, they are the very first institution to bring asset management for firms and establishments including digital assets through blockchain technology.
Apart from all this, Pantera was the first to bring decentralized applications based on the Ethereum blockchain. Upon many attributes of the crypto industry, Pantera Capital was the first one to implement among the U.S.
The CEO’s Views
Words from such a renowned firm’s CEO are for sure to be taken note of. The CEO of Pantera Capital, Dan Morehead is one of the most influential persons in the crypto industry and hedge funds. With more than 25 years of experience in handling funds, investing, and tradings, what he reveals or predicts is possible to happen. This may not be immediate, as if it’s not now, then in a time.
In spite of all this, Dan Morehead predicts now that Ethereum (ETH) will dethrone Bitcoin (BTC) and will become the largest cryptocurrency.
In addition, the CEO supports his statement that the Ethereum Improvement Proposal (EIP) 1559 will increase the trade of ETH profusely. Also, the CEO states that there is already a transition from BTC to ETH by many global companies which have digital assets incorporated by the institution. Apart from them, individuals too are now moving towards ETH from BTC.
Furthermore, the CEO comments, with the launch of Ethereum 2.0, ETH will reach heights as never before. Indeed, it is evident as the energy consumption and carbon footprints of ETH mining are extremely low with the ETH 2.0.
In addition, the excessive and vast applications developments compatible with ETH propel the use of ETH blockchain exclusively. Also, most of the decentralized finance-based applications and smart contracts are all being developed majorly only upon the ETH blockchain and its platform. This will boost ETH forever at a constant rate, unlike the BTC which gives support to no DApps.
BTC Predictions of CEO
On the contrary, the CEO was actually kind of optimistic about BTC too. Accordingly, he states the future for BTC is bright and by the end of 2021, BTC will be trading between $80,000 to $90,000.
Also, he predicts that by a year’s time, BTC will be surpassing $120,000.
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