The Chief Executive Officer of renowned on-chain Capital investment and hedge fund, Pantera, Dan Morehead, had declared that the XRP is one of the few Cryptocurrencies with prospective long-term sustainability and the digital asset will be among the 10 remaining crypto assets of the future.
Morehead made these declarations while participating in an interview with Thinking Crypto, where he pointed out that Ripple Labs Inc. remains a highly productive member of the crypto industry because it owns over 50% of the total XRP supply and uses the coin in one of its remittance platforms.
He further elucidated that the Ripple with his loads of engineers is developing codes in a much different way from other competitors in the crypto industry.
The CEO went on to explain that he foresees a world where just about eight or ten blockchains will be relevant but he believes strongly that Ripple XRP will definitely be among the last crypto standing.
Pantera as an on-chain capital investment company is one of the early investors of Ripple, however, the Pantera Boss averred that it is wiser to multiply investment in Ripple rather than nursing a false hope that one coin or blockchain will soon take over the crypto market.
While comparing XRP and crypto giants like Bitcoin and Ethereum, Morehead highlighted that the cryptocurrencies plays different roles and hence could not be compared with each other, he went on to emphasize that the few Blockchain that would be left standing in the next ten years would have to do things in their way.
Nevertheless, Morehead said there is enough space to accommodate multiple projects from different blockchain industries in the crypto space and hence he does not share in the belief that digital assets are created to compete against each other, crypto assets instead of competing with each other are rather competing with trillions of dollars markets like gold, remittance, cross-border transactions, wealth storage among others, Morehead said.
He further pointed out that XRP is not fighting ETH but the two digital assets are rather fighting against paper currencies.
When asked about the state of cryptocurrencies that have been invested in by Pantera, Morehead replied that his firm had invested into Bitcoin, Ethereum, Filecoin, Polkadot, Ox, and Augur.