Gil Beyda, the Managing Director of Comcast Ventures made some positive declarations at CNBC regarding the cryptocurrency space and blockchain technology.he believes that there will be a bullish on Bitcoin.

He declared that blockchain will stay in positions, never mind the price of Bitcoin. Gil Beyda said then about the moves that Comcast is making in the crypto market.

Comcast is planning to invest in even more projects related with blockchain. The market began to mature, and the investors invested more and more in cryptocurrencies. Beyda said that the recent surge in crypto prices is born out of the fact that people are beginning to come to terms with the fact that there is real value in blockchain technology.

Still a Lot to Learn About Crypto and Blockchain

Beyda thinks that there is still a lot to learn about the crypto market and blockchain. The Comcast chief considers that regulations are good especially for ICOs. His opinion is that blockchain has the power to break many businesses processes. The technology for Beyda is revolutionary in the following domains: social media, e-commerce, content distribution, and even politics.

On crypto impact on traditional banking, Beyda believes that more impact will be made in the banking infrastructure of less developed nations than in developed nations like the U.S.

Bullish on Bitcoin: Now is the Time to Buy Bitcoin

On the other hand, Dan Morehead, the CEO of Pantera Capital believes that now is the right time to buy Bitcoin.  The recent back-to-back weekly gains recorded by the cryptocurrency has led some to believe that a significant bull run is imminent.

Morehead expects that Bitcoin will continue to recover and reach even greater heights in the next one year. He also gave an optimistic forecast that the total cryptocurrency market capitalization will reach between $4 trillion and $40 trillion within the next decade.

Mainstream Investments Streaming into Crypto

Morehead declared in an interview with “Bloomberg” that the funds od the company are in Bitcoin. The biggest investment is in the Icon project. Morehead believes that the entry of hedge funds and other institutional investors will only serve to drive crypto prices higher.

 

According to Morehead, there is a shift in mainstream investor sentiment as cryptos are no longer viewed as “skanky”.  The emergence of Bitcoin futures trading has also caught the attention of Wall Street firms. They have begun to see cryptos as a viable investment vehicle.