The post Crypto Will Witness ‘Way More Aggressive Growth’ As Powerful People Take Digital Asset Positions, Says Preston Pysh appeared on BitcoinEthereumNews.com.

Investor and venture capitalist Preston Pysh believes that crypto will witness exponential growth in the next five years. In a new interview on the TFTC YouTube channel, the general partner at Bitcoin (BTC)-focused venture fund Ego Death Capital highlights that crypto is not following a linear path in terms of growth. He thinks the asset class will go far in the coming years and tremendously exceed the growth recorded between 2019 and 2024. “This is exponential, so whatever growth we had over those last five years, it’s going to be even more aggressive in the coming five years. I think it’s going to be way more aggressive.” Pysh says his rosy outlook on Bitcoin and crypto is based on his belief that entities with massive buying power are finally hopping on the digital asset bandwagon. He also notes that the holdings of these entities will be eventually discovered due to the transparent nature of the blockchain. “I think people that control a lot of buying power in the world have finally figured this out. And, I think they’re doing everything that they can to take a position size. Now whether it’s a large position size or what or just a hedge, I don’t know but they’re figuring it out. Just look at the people that came to the [Bitcoin2024 Conference] in Nashville. They’re figuring it out. So hang on because you can only mask things for so long, especially when the entire blockchain of Bitcoin is auditable. You can see how many coins there are, you can see the public addresses… Hang on. I think it’s going to be really exciting.”  At time of writing, Bitcoin is trading for $61,125.   Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow…

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Filed under: News - @ August 11, 2024 7:06 am