Dan Morehead, the founding father of the primary crypto enterprise capital agency, Pantera Capital, believes that altcoins will outperform Bitcoin (BTC) over the subsequent couple of years.
Talking on the Unitize digital occasion, Morehead mentioned that within the short-term, his agency is betting on altcoins:
“And it’s our opinion that these altcoins and particularly smaller cap smart contract tokens are going to outperform Bitcoin over the next couple of years.”
Portfolio altcoins are up 100%
He emphasised that it might be incorrect to counsel that Pantera doesn’t consider in Bitcoin. Quite, they’re of the opinion that smaller cash will go up in value extra:
“We think Bitcoin is going to go up a ton, but altcoins will go up even more. An example is Bitcoin is up about 30 percent year to date, which is amazing. Given that equities are down and real estate’s down and almost all assets are down in price. But other things in the cryptocurrency space are up much more, Ethereum is up 80% and then other smaller projects like Augur (REP) and 0x (ZRX) are up 100% on the year.”
Pantera is an investor in Augur and 0x; nevertheless, it missed out on the Ethereum (ETH) preliminary coin providing again in 2015.
Digital property outperforming conventional asset lessons ought to incentivize extra institutional curiosity within the area.