Investor and venture capitalist Preston Pysh believes crypto will experience exponential growth over the next five years.
In a new interview on the TFTC YouTube channel, the general partner of Bitcoin (BTC)-focused venture capital fund Ego Death Capital emphasizes that crypto does not follow a linear path in terms of growth.
He thinks the asset class will go far in the coming years, vastly outpacing growth between 2019 and 2024.
“This is exponential, so whatever growth we’ve had in the last five years will be even more aggressive in the next five years. I think it will be much more aggressive.”
Pysh says his rosy view on Bitcoin and crypto is based on his belief that entities with enormous purchasing power are finally jumping on the digital asset bandwagon.
He also notes that the assets of these entities will eventually be discovered due to the transparent nature of the blockchain.
“I think people who control a lot of purchasing power in the world have finally realized this. And I think they’re doing everything they can to take a position size.
Whether it’s a large position size or something, or just a hedge, I don’t know, but they’re figuring it out. Just look at the people who go to the [Bitcoin2024 Conference] in Nashville. They’re figuring it out.
So hold on, because you can only mask things for so long, especially when Bitcoin’s entire blockchain is auditable. You can see how many coins there are, you can see the public addresses…
Wait a minute. I think it will be very exciting.”
At the time of writing, Bitcoin is trading at $61,125.
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