According to forecasts of the investment company Pantera Capital, by 2020 the market value of cryptocurrencies will increase tenfold.
In an interview with Bloomberg, a representative of the investment company Joey Krug said that the impetus to the growth of the cryptocurrency market could provide a solution to the problem of scalability of the Bitcoin network . If developers solve this problem, then the likelihood of a sharp increase in demand for digital assets is high.
The circle noted :
All markets are focused on scalability. If you do not have it, you will not have the conditions for the growth of market indicators.
The representative of Pantera Capital believes that at this stage the Bitcoin network cannot compete with the leading payment systems Visa and Mastercard, as they have higher performance. However, Bitcoin has a good potential to solve this problem.
Over the next few years, the blockchain of the main cryptocurrency will be much better than now, which will allow the network to process transactions faster than payment systems. In this case, the coin will pull up all digital assets, and the market value of cryptocurrency will increase by about ten times.
A similar forecast was previously voiced by an expert and a cryptocurrency investor Mike Novograc. He excluded the option of a bitcoin jump this year, but said that until the middle of next year, an aggressive bullish trend could wait for us, as a result of which the main digital currency will become the growth driver of the entire crypto market.