RATE Group | Next Bitcoin Bull Run Will See Crypto Market Rise ‘10x’: Pantera CIO
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Next Bitcoin Bull Run Will See Crypto Market Rise ‘10x’: Pantera CIO

17 Oct Next Bitcoin Bull Run Will See Crypto Market Rise ‘10x’: Pantera CIO

Posted at 04:13h in Bitcoin News by

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Joey Krug Pantera Capital

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.”

Noting that in previous market cycles the news that major financial industry players like Fidelity Investments and Intercontinental Exchange (ICE) were entering the cryptocurrency space would have sparked a surge in speculative investments, Krug said that he believes the market is currently waiting on concrete adoption to catalyze a bull run.

bitcoin price chart
BTC/USD | Coinbase

For this to happen, he continued, cryptocurrency networks will need to achieve increased scalability, as the…

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