At the recent Ripple Swell Conference, Dan Morehead, CEO of Pantera Capital, spoke with Brad Garlinghouse, CEO of Ripple, about 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 wide range of features, it is currently overhyped. People have yet to understand that even though the technology can have many benefits, it may still take 10 to 20 years for the technology to reach its full potential. This emphasizes the long-term nature of blockchain technology.
Morehead acknowledged the industry excitement, but cautioned against taking short-term price movements as a definitive sign of success. Instead, one should view the fundamental developments as a sign of success.
He also highlighted the fact that blockchain technology still has a long way to go. Moreover, there is hope that the adoption of blockchain technology in the mainstream institutional sector will increase.
The real potential is yet to be discovered
Pantera’s CEO also thinks that even though the short-term profits seem attractive, the real value lies in the development idea and the real transformation is still unfolding. This indicates that the fundamental idea behind the blockchain must be rooted.
The real potential of blockchain technology is blossoming as more and more projects emerge. He is also confident that the community’s patience will be rewarded once the technology matures.
“The Blockchain promise is starting to become a reality, but some of it is just a rising tide of opportunity. Lots of boats floating” – Dan Morehead
Dan Morehead’s insights in the Fireside chat suggest that there is still so much more to be discovered as technology develops in the coming years.
He emphasizes that the journey will be long and there will be challenges within the industry, but once the industry reaches its full potential, it will pave its way into different industries and sectors.
