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Preston Pysh Believes Crypto Will Witness Exponential Growth in the Next Five Years

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Release: 2024-08-11 21:36:22
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Investor and venture capitalist Preston Pysh believes that crypto will witness exponential growth in the next five years.

Preston Pysh Believes Crypto Will Witness Exponential Growth in the Next Five Years

Preston Pysh, an investor and venture capitalist, is convinced that the cryptocurrency sector will experience phenomenal growth over the next five years.

In a recent interview with the TFTC YouTube channel, the general partner at Bitcoin (BTC)-focused venture fund Ego Death Capital highlighted that crypto is not following a linear path in terms of growth.

According to Pysh, the asset class will make significant strides in the coming years, far exceeding the growth witnessed 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 attributes his optimistic outlook on Bitcoin and crypto to his belief that entities with substantial buying power are finally joining the digital asset bandwagon.

He adds 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 press time, Bitcoin is trading at $61,126.

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