Pantera CEO: Crypto market 'panic' is subsiding, now's the time to buy
The Pantera boss cited three primary reasons why crypto markets dumped a trillion dollars in market cap. The chief executive of Pantera Capital, Dan Morehead, is confident that the big crypto selloff is slowing because he thinks “we’ve seen the most of this panic”.In the monthly newsletter published on June 14, the venture capitalist stated that the best time to buy is when markets are “well below trend”. A Bitcoin trend deviation chart backed up this claim as it showed that the asset has only been this “cheap” relative to its trend for a fifth of its lifecycle.For new investors, it’s best....
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“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said CEO Dan Morehead. Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund.According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an effort to appeal to institutional investors.“We want to provide liquidity for people that are kind of giving up because....
The best time to buy Bitcoin was a few years and when it first came around in the early 2010’s. The next best time to buy BTC? Right now according to Pantera Capital CEO Dan Morehead. In a tweet sent out recently, Morehead laid out the facts for why the the market is below trend, […]