Dan Morehead, CEO and Founder of institutional asset manager Pantera Capital, believes that while there may be plenty of distressed financial sectors in the coming years, the digital asset industry shall most likely not be one of them. Building upon his previous statements, the executive asserted that a crypto bull market is on the way, and that blockchain technology will be used by billions of people in the coming years and that mainstream adoption will continue for the foreseeable future. Morehead believes that cryptocurrencies will thus become extremely popular sooner rather than later primarily due to the wide range of benefits they can provide to the global financial network. He added that the most important thing to remember is that crypto is such a disruptive technology that will change nearly all aspects of our lives in the next decade. Dan also argued that people often place too much emphasis on the primary digital asset when there are countless other viable cryptocurrency protocols which are equally important. He said that while Bitcoin (BTC) has been used as a proxy for blockchain for a long time, there are hundreds of other interesting projects such as Ethereum (ETH) and Cardano (ADA), both of which recently launched significant upgrades.
