The crypto market can grow to 40 trillion dollars.

In mid-April, Pantera Capital Management Fund shared its forecast of Bitcoin exchange rate. By the end of the year, the first cryptocurrency will grow to 20 thousand dollars, and the minimum value will be 6,5 thousand dollars. Now the founder of the Fund Dan Morehead in an interview with Bloomberg said that in the near future the total capitalization of the crypto market can grow to 40 trillion dollars.

According to Morehead, the fair market value is at least twice as high as it is now. At the time of publication, the capitalization of digital money was $ 413.6 billion.

"Obviously, the forecast is very optimistic. However, we are sure that the market is underestimated at least twice. It is possible that in the near future the capitalization of coins will grow to 4 trillion dollars, and possibly up to 40 trillion."

Morehead added that the market with a capitalization of 40 trillion will not be left without attention.
To achieve this figure, the market will grow by about 10 thousand percent, said CCN. In this case, Bitcoin will trade at the level of 1 million dollars. In the current situation, this is unlikely.