Pantera CIO Predicts Crypto Market Increase Next Bitcoin Bull Run

The co-chief investment officer of one of the cryptocurrency industry’s largest investment firms claimed that he hopes the next bitcoin bull run will see an increase in the cryptocurrency market rise higher than its present valuation.

Pantera Capital’s Joey Krug made this statement during an interview with Bloomberg, predicting that the next bull run could drive the cryptocurrency market cap to over $2 trillion.

“If you look at that next bull run, I think the crypto space overall could hit 10x from here.”

Mentioning that in prior market cycles the reports that top financial industry players such as Fidelity Investments and Intercontinental Exchange (ICE) were investing in the cryptocurrency market and would have initiated an increase in speculative investments, Krug expressed his confidence that the market is presently waiting on concrete usage to catalyze a bull run.

To make this possible, he stated, cryptocurrency networks will need to reach increased scalability, as the present state of cryptocurrency blockchain growth is similar to the internet prior to dial-up.

He noted:

“If you look at the internet, it’s easy to say, ‘Well, you just create an app, get some users, and then you solve the scalability problems.’ But these are all markets, and so if you don’t have scalability, you don’t have market makers, and so you don’t have liquidity.”