Ethereum to Capture Half of Global Financial Transaction in Next 10 Years, Pantera’s Krug Says

Ethereum is likely to grow further and be involved in half of the global financial transactions in the next ten years, Pantera Capital Co-Chief Investment Officer Joey Krug believes.

Source: Bloomberg

ETH is down 2.86%

Krug said he believes that even more than 50% of the world’s financial transactions will touch Ethereum in some way, shape, or form in the next 10 to 20 years.

Krug’s optimism is its capacity on smart contracts, as he does not believe that competing networks such as Polkadot, Solana, and Cardano would become a major threat to Ethereum.

The officer also said even competitors will likely eventually rely on Ethereum as a base, noting that there are “too many” trade-offs that other chains are making that Ethereum is not on the decentralization side.

Ether hit a record in 2021, soaring almost 400% during the year.