Dan Morehead, the CEO of Pantera Capital, considers that XRP will be one of the cryptocurrencies that will manage to survive in the long term.
Given that blockchain technology generates news that changes the landscape practically every day, it is very difficult to predict the future of the crypto world. For that reason, it is a risky task to try to predict what projects will still be in place in a few years or even months.
Independently on that, CEO of Pantera Capital, Dan Morehead, has dared to say that XRP will be one of the few cryptocurrencies in the crypto world that will survive.
XRP, the cryptocurrency that the Ripple company developed, is currently one of the most important virtual currencies in the world. According to the CoinMarketCap ranking, it is the third cryptocurrency in the world by market capitalization. It is also one of the best known in the entire community.
Ripple designed XRP to make international transactions more efficient. This allows people to send money across borders without having to rely on banks and other intermediaries. That way, they can instead take advantage of the cryptocurrency’s blockchain.
This would greatly reduce the time needed for these transactions, as well as the fees that they charge. For this reason, important financial companies, such as Banco Santander, have already established partnerships with Ripple to use its cryptocurrency’s platform, which would facilitate cross-border transactions for their customers.
Dan Morehead’s Opinion on Cryptocurrencies
The CEO of Pantera Capital has stated that he thinks that XRP will be one of the few cryptocurrencies that will survive in the long term. He believes that it will outperform other projects that, despite their apparent current strength, will remain behind while the crypto market reaches maturity.
Morehead considers that Ripple has done a great job until now. He says that it is one of the big companies in their business and has hundreds of engineers who are creating a lot of codes. Besides, he notes that they are doing it in a slightly different way.
The executive is aware that “many purists” in their industry are obsessive about whether or not it is fully decentralized. He predicts a world where there will be between eight and ten important blockchains within ten years, one of which will be XRP.
The support that Pantera Capital has provided to Ripple goes beyond Dan Morehead’s statements. The investment fund was among the first that put their capital into XRP. That was an investment diversification strategy between different startups related to the blockchain. That seems to be bearing fruit with a steady increase in the price of the cryptocurrency.
To conclude, Dan Morehead also talked about the projects in which Pantera Capital has placed most of its capital. He mentioned that the firm would have considerable investments in Bitcoin, Ethereum, Polkadot, Filecoin, Augur, and 0x. Like the cryptocurrency XRP, Morehead considers all of these projects will remain strong in the long term.
By Alexander Salazar
