$40 Trillion Cryptocurrency Market Cap ‘Definitely Possible’: Pantera Capital CEO

The founder of cryptocurrency hedge fund Pantera Capital said on Thursday that he believes the cryptocurrency market cap could one day be worth $40 trillion. Dan Morehead, who is also the firm’s CEO, said in an interview with Bloomberg that he believes the fair market value of the cryptocurrency market cap is an order of magnitude or two above where it currently sits. “Obviously, we’re very bullish on the space. We think we’re way below, maybe an order of magnitude — or two — below the real fundamental fair value of blockchain,” he said, stating later that “the industry as … Continue reading $40 Trillion Cryptocurrency Market Cap ‘Definitely Possible’: Pantera Capital CEO