Next Bitcoin Bull Run Will See Crypto Market Rise ‘10x’: Pantera CIO
The co-chief investment officer of one the cryptocurrency industry’s largest investment firms said that he expects the next bitcoin bull run to carry the cryptocurrency market cap 1,000 percent above its current valuation.
Pantera Capital’s Joey Krug made this prediction during an interview with Bloomberg, forecasting that the next upswing could propel the cryptocurrency market cap to more than $2 trillion.
“If you look at that next bull run, I think the crypto space overall could hit 10x from here.”
https://www.ccn.com/next-bitcoin-bull-run-will-see-crypto-prices-rise-10x-pantera-cio/Everybody shouts about a quick bull market. It bothers. How not to see us a new bottom.
This is a clear case of desperate measures as his company is invested in alts, and all of them have taken an beating and he's hoping his comments shall increase the demand for bitcoins, which in turn will fuel the prices of bitcoins. While I'm positive for a bull run it's an open secret there's not many factors that can trigger it, the only way it gets triggered is if the Sec approves bitcoins etf, but there's no certainty it'll be approved.