ETH 2.0 will help Ether outpace Bitcoin, Pantera Capital CEO predicts
Ether has more potential than Bitcoin as a newer cryptocurrency, and the latest EIP 1559 will help the token trade more like a fixed asset, Pantera Capital CEO said. Amid the looming Ethereum London hard fork, Pantera Capital CEO Dan Morehead predicted that the upcoming upgrade would likely help Ether (ETH) outpace Bitcoin (BTC) as the largest cryptocurrency.As a newer cryptocurrency, Ether has more potential than Bitcoin, Morehead said at the Reuters Global Markets Forum on Monday, noting that the latest Ethereum Improvement Proposal (EIP) 1559 upgrade will help the digital token to trade....
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Investment firms Fortress Investment Group (FIG), Benchmark Capital and Ribbit Capital have teamed up with Pantera Capital to launch a bitcoin investment fund. The new fund will be known as Pantera Bitcoin Partners LLC and, as the name implies, it will be controlled by Pantera. Fortress, Ribbit Capital and Benchmark Capital will be minority equity partners. Fortress became the first Wall Street investment firm to enter the bitcoin space. Last year it was rumoured to be acquiring bitcoins and a regulatory filing published in February revealed it had set aside $20m for bitcoin investments in....
New reports are indicating that some well-known investment firms are teaming up to form a fund that focuses on digital currencies, namely bitcoin. Fortress Investment Group, Ribbit Capital, and Benchmark Capital are joining Pantera Capital to form a new venture dubbed Pantera Bitcoin Partners, LLC. The move comes not long following news that Fortress' stash of bitcoin has lost a significant amount of value. It also highlights the closing gap between the bitcoin ecosystem and Wall Street. "We're very excited about the promise of Bitcoin and how it can transform the way we move money," said....
Pantera Capital’s new $25 million USD fund will invest in Brave Browser and Abra, two innovative Bitcoin-based apps. Pantera Capital’s New $25 Fund. Dan Morehead, founder and CEO of Pantera Capital, recently revealed details regarding their new investment fund in an interview with TechCrunch. While Bitcoin was the main focus of the interview, Morehead disclosed information regarding two of the companies that will receive new funding from Pantera Capital. Following the closure of the first fund, which amassed over $100 million USD in capital and invested in Bitcoin-based startups Xapo and....
Despite the recent slump, Pantera believes that most of the growth in the next bull cycle will be generated by DeFi. In an October 6 webinar, Pantera Capital disclosed that their Digital Asset Fund intends to invest more heavily into DeFi assets than the rest of the market. Source: Pantera Capital.Pantera’s co-chief investment officer, Joey Krug said that unlike other funds that allocate most of their portfolios to stores of value like Bitcoin (BTC), his company is prepared to place its primary bet on DeFi:“And so if you look at portfolio construction, we can see that relative to the....
Analysts at crypto-focused asset manager Pantera Capital have made a bullish case for the Solana ecosystem compared to Ethereum. They highlighted the network’s growth and outlined why Solana is bound to steal a massive chunk of the market from Ethereum. Why Solana Will Steal Market Share From Ethereum In their most recent blockchain letter, Pantera […]