Pantera Capital founder and CEO Dan Morehead predicts that the next Bitcoin bull market is near. In a recent interview, the executive said he believes that blockchain can easily decouple from the risk-off and risk-on mentality in years.
He added this even if the main markets like equities, bonds, and real estate are struggling, crypto will hit new all-time-highs.
Morehead finds that cryptocurrencies hit laws in June, and now we are going to see the prices going up. According to him, the next bull market is on the way, although it may be difficult and take some time.
Morehead predicted growth of the BTC price by around 2.5 times annually, but mentioned that BTC isn’t the 100% of the market anymore, and there are lots of promising crypto projects. Morehead says projects other than Bitcoin and Ether are rallying more.