Pantera Capital: In 10–20 years, up to half of all transactions will be settled on Ethereum

In 10–20 years, up to 50% of all transactions in some form will be conducted via Ethereum. Pantera Capital’s co-chief investment officer Joey Krug said this in an interview with Bloomberg.

The executive believes that the second-largest cryptocurrency by market capitalization will play an important role in global finance. The explosive growth of ‘Ethereum killers’ will not undermine its dominance.

CIO Pantera Capital believes that competitors will rely on Ethereum, counting on the latter’s transition to Proof-of-Stake.

“There are many compromises in other blockchains, whereas Ethereum has the best position in terms of decentralization, which is crucial. I don’t know whether they are good enough to become the new layer for global financial calculations,” the expert explained.

According to Krug, ETH is among the top-3 assets in the firm’s funds under management.

In late 2021, Buterin spoke about the role of ZK-Rollups in Ethereum scalability and proposed a method to reduce transaction costs on L2.

Earlier took place the launch of the Kintsugi testnet to test the process of transitioning to Ethereum 2.0

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