At the recent Ripple Swell Conference, Pantera Capital CEO Dan Morehead spoke with Ripple CEO Brad Garlinghouse about the duality of hyper and hope in the blockchain industry. spoke.
Dan Morehead’s Insights on Blockchain Technology
Dan Morehead says blockchain technology is currently overhyped, despite its vast array of utilities. Even though this technology has a lot of utility, people still don’t understand that it may take another 10-20 years to reach its full potential. This highlights the long-term nature of blockchain technology.
Morehead acknowledged the excitement within the industry, but cautioned that short-term price fluctuations should not be viewed as a definitive sign of success. Instead, you should look at fundamental developments as signs of success.
He also highlighted the fact that there is a long way to go in the development of blockchain technology. Additionally, there are high expectations that blockchain technology may see increased adoption in the mainstream institutional sector.
True potential has not yet been discovered
The Pantera CEO also believes that while short-term profits may seem attractive, the real value lies in the ideas being developed and the real transformation is still underway. This shows that the basic idea behind blockchain needs to take root.
The true potential of blockchain technology is being realized as more and more projects emerge. He also believes the community’s patience will be rewarded as the technology matures.
“The promise of blockchain is coming true, but some of it is just a growing opportunity. There are a lot of boats floating around.” – Dan Morehead
Dan Morehead’s insights in the Fireside chat suggest that there is much yet to be discovered as technology develops in the coming years.
He emphasizes that the road ahead will be long and there will be challenges within the industry, but once the industry reaches its full potential, it will open up doors for a variety of industries and sectors.
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