Crypto ‘OG’ Thinks Altcoins Will Outperform BTC within the Close to Future

Dan Morehead, the founding father of the primary crypto enterprise capital agency, Pantera Capital, believes that altcoins will outperform Bitcoin (BTC) over the following couple of years.

Speaking on the Unitize digital occasion, Morehead said that within the short-term, his agency is betting on altcoins:

“And it is our opinion that these altcoins and notably smaller cap sensible contract tokens are going to outperform Bitcoin over the following couple of years.”

Portfolio altcoins are up 100%

He emphasised that it could be incorrect to counsel that Pantera doesn’t consider in Bitcoin. Somewhat, they’re of the opinion that smaller cash will go up in worth extra:

“We expect Bitcoin goes to go up a ton, however altcoins will go up much more. An instance is Bitcoin is up about 30 p.c yr so far, which is superb. Provided that equities are down and actual property’s down and virtually all property are down in value. However different issues within the cryptocurrency house are up rather more, Ethereum is up 80% after which different smaller tasks like Augur (REP) and 0x (ZRX) are up 100% on the yr.”

Pantera is an investor in Augur and 0x; nonetheless, it missed out on the Ethereum (ETH) initial coin offering back in 2015.

Digital property outperforming conventional asset courses ought to incentivize extra institutional interest in the space.

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