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In the recent Ripple Swell Conference, Dan Morehead, CEO of Pantera Capital, sat down with Ripple CEO Brad Garlinghouse and addressed the dual nature of hyper and hope within the blockchain industry.
Dan Morehead’s Insights on Blockchain Technology
According to Dan Morehead, even though Blockchain technology can have a vast number of utilities, it is currently overhyped. People are yet to understand that even though the technology can have many utilities, it might take another 10-20 years in order to reach its full potential. This highlights the long-term nature of blockchain technology.
Morehead acknowledged the excitement within the industry but raised a warning stating that one should not view short-term price fluctuation as a definitive sign of success. Instead, one should look at the fundamental developments as a sign of success.
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He also emphasized the fact that blockchain technology has a long way to go. Moreover, there are high hopes that the adoption of blockchain technology might increase in the mainstream institutional sector.
The Real Potential is Yet to be Discovered
The Pantera CEO also thinks that even though the short-term gains seem to be enticing the real value lies within the developmental idea and that the real transformation is still unfolding. This indicates that the fundamental idea behind the blockchain should be rooted in.
The real potential of blockchain technology is under fruition as more and more projects come up. He is also sure that the patience of the community will be rewarded once the technology matures.
“Blockchain promise is coming to fruition but a part of it is just a rising tide of opportunities. It’s floating a lot of boats” – Dan Morehead
Dan Morehead’s insights in the Fireside chat suggests that there is so much more that is yet to be discovered as technology develops in the coming years.
He emphasizes that the journey is long and there will be challenges within the industry, but once the industry achieves its full potential, it will unlock its path in various industries and sectors.