Crypto Market Poised for Tenfold Increase, Pantera Capital CIO Says
Cryptovest
Published Oct 18, 2018 04:38AM ET
Updated Oct 18, 2018 05:41AM ET
Crypto Market Poised for Tenfold Increase, Pantera Capital CIO Says
Joey Krug, the chief information officer (CIO) of crypto-oriented investment group Pantera Capital, expects the cryptocurrency market to expand tenfold from its current valuation of around $210 billion to more than $2 trillion.
“If you look at that next bull run, I think the crypto space overall could hit 10x from here,” Krug told Bloomberg in an interview on Monday.
He added the market was “close to a bottom at this point,” and there are two major catalysts for a possible turnaround. One is recent developments in the crypto space, among them the increasing number of traditional financial services giants joining the nascent industry. When asked why the This article appeared first on Cryptovest 
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