{"id":33540,"date":"2020-12-17T10:47:55","date_gmt":"2020-12-17T08:47:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33540"},"modified":"2025-08-28T14:20:08","modified_gmt":"2025-08-28T11:20:08","slug":"pantera-capital-chief-ethereum-and-xrp-to-overtake-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/pantera-capital-chief-ethereum-and-xrp-to-overtake-bitcoin\/","title":{"rendered":"Pantera Capital Chief: Ethereum and XRP to Overtake Bitcoin"},"content":{"rendered":"<p>Dan Morehead, the CEO of Pantera Capital, a cryptocurrency hedge fund, in the Real Vision Finance podcast <a href=\"https:\/\/www.realvision.com\/shows\/the-interview-crypto\/videos\/dan-morehead-the-next-phase-of-the-crypto-bull-market\" target=\"_blank\" rel=\"noopener noreferrer\">Real Vision Finance<\/a>, confirmed his optimistic outlook for Bitcoin in the coming months, noting brighter prospects for Ethereum and XRP.<!--more--><\/p>\n<p>In the interview he forecast that, over time, the number of networks used by cryptocurrencies would be in the single digits.<\/p>\n<blockquote>\n<p>\u201cWe invest in Bitcoin, Ethereum and XRP\u2026 Now I really think that other cryptocurrencies will surpass digital gold. We are in an active bull market phase, so the smaller the capitalization, the higher the beta. Bitcoin is now accounting for 62% of the cryptocurrency market capitalization. Two years ago at the peak the figure reached 70%. I believe its dominance will drift downward as it grows, because altcoins will outrun it,\u201d Morehead commented.<\/p>\n<\/blockquote>\n<p>The Pantera Capital chief attributed his preference for Ethereum to <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-2-0-phase-zero-launch\">the launch of Phase Zero<\/a> of the second version of the protocol, which will ultimately raise network efficiency.<\/p>\n<p>In XRP, he is drawn to <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-2-0-phase-zero-launch\">the accumulation of potential for cross-border movement of funds<\/a>. He added that the US-Mexico payment corridor, worth $25 billion, accounts for 10% of Ripple&#8217;s solutions.<\/p>\n<p>Earlier in August, Dan Morehead <a href=\"https:\/\/u1f987.com\/en\/news\/pantera-capital-chief-bitcoin-could-reach-100000-within-two-years\">confirmed<\/a> his forecast that Bitcoin would reach $100,000 within two years.<\/p>\n<p>In the night of December 17, the price of Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-hits-new-high-above-22000\">reached a new all-time high<\/a> above $22,000.<\/p>\n<p>According to the company&#8217;s July report, the Pantera Bitcoin Fund&#8217;s seven-year return <a href=\"https:\/\/u1f987.com\/en\/news\/pantera-capital-bitcoin-fund-posts-15140-return-over-seven-years\">stood at<\/a> over 15,000%.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Morehead, the CEO of Pantera Capital, during the Real Vision Finance podcast confirmed his optimistic view of Bitcoin in the near term, noting brighter prospects for Ethereum and XRP.<\/p>\n","protected":false},"author":1,"featured_media":33541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,1296],"class_list":["post-33540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-pantera-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33540"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33540\/revisions"}],"predecessor-version":[{"id":33542,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33540\/revisions\/33542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33541"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}