Bitcoin will dramatically underperform the Altcoin market as the new era of crypto pricing unfolds: Pantera Capitals Dan Morehead

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The founder and CEO of Pantera Capital said investors can expect altcoins to outperform Bitcoin (BTC) in the long run.

In a recent edition of Pantera’s Blockchain Letter, the head of the digital asset management company describes key quotes from Dan Morehead at SALT 2021 in New York. During the conference, Morehead said that while his business has benefited greatly from BTC, he pointed out that most future crypto gains will come from altcoin investments.

My take is this: Bitcoin has been amazing. The Pantera Bitcoin fund has grown 67,000% since its inception. However, I believe the majority of future earnings will come from tokens outside of Bitcoin. I know it sounds heretical to some people here, but that’s my professional opinion.

Morehead compares the rise of Bitcoin and its competitors to that of the tech industry boom in the late 1990s.

It’s like saying in 1998 that [the] the majority of future technology gains would come from outside of Microsoft.

At the time, Microsoft was worth $ 218 billion, Apple $ 3.5 billion, Amazon $ 2.2 billion. Google and Facebook sucked, they didn’t even exist. In the years since Microsoft, it increased tenfold. However, 80% of the technology gains of these five stocks came from outside of Microsoft.

This is the opinion I have here, I think BTC will increase by a ton like 10x. It’s a great investment[but] I think the larger portfolio will outperform.

At the time of writing, BTC has a market cap of $ 1.156 trillion, while all altcoins combined have a market cap of $ 1.327 trillion, according to CoinMarketCap.

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