1 Minute Crypto News: Investment firm predicts crypto prices might rise 10 times
The co-chief of a large Cryptocurrency investment firm predicts that the Crypto market values would rise 10 times in the next Bitcoin bullish run. Joey Krugs, the co-chief Investment officer at Pantera Capital believes that the Crypto market would soon start a new round o large bullish moves.
If BTC indeed increases 10x, the crypto market capitalization would spike to $2 trillion. The news that Fidelity Investment and Intercontinental Exchange are entering into Crypto market would have caused big surge at the speculative level.
Joey expects some Crypto networks to achieve Visa/Mastercard scale within the next couple of years, though that does not necessarily mean that the bear market would last that long.