Here’s What The CEO Of Pantera Capital Thinks About Bitcoin

Here’s What The CEO Of Pantera Capital Thinks About Bitcoin

Pantera Capital are a United States based investment firm, with a keen focus on blockchain technologies. They have a portfolio of cryptocurrency investments and aim to catalyse the blockchain revolutions desire for cryptocurrency adoption. According to Pantera Capital:

“Exclusively focused on investing in blockchain technologies, the Pantera team is experienced in both traditional finance and emergent blockchain technology. Having strong relationships with some of the most promising entrepreneurs and other top investors in the space, Pantera is fulfilling its strategic investment philosophy by building a diversified portfolio and bringing industry-specific value-add resources to its portfolio companies.”

Moreover:

“Within the next several years, we envision blockchains and digital currencies having an established, responsibly managed, and regulated role in the global economy, soon after disintermediating a myriad of industries.”

See more about Pantera here- https://www.panteracapital.com/ According to CNBC’s Kellie Ell, Founder and CEO of Pantera Capital, Dan Morehead believes that the current market presents the perfect opportunity to buy Bitcoin. Morehead believes that the price of Bitcoin, and other cryptocurrencies is very cheap right now and thus, it is the perfect time to “buy now and participate in the rally as it goes.” You can see the full report in CNBC for yourself, here- https://www.cnbc.com/2018/05/31/buy-bitcoin-now-while-its-still-cheap-says-cryptocurrency-investor.html According to Ell, Morehead has said:

“Getting invested now so that in three, four, five months when the institutional, quality-regulated custodians that we're hearing about come online, they'll already have their positions. Without even thinking about it, you make an average of 239 percent. That's the essence of this trade. It rarely ever gets cheap to its long-term average, so, today is a good day to be buying."

By being at the helm of a large investment firm, we should consider that Morehead is speaking with good authority, however, we should also bear in mind that this article specifically is not investment advice. This is just the opinion of a figurehead, a figurehead who is going to be biased and, who can profit from people buying into cryptocurrency, therefore, Morehead’s comments are hardly controversial. This however is an opinion that does bear well with the current markets and moreover, is an opinion that is reflected within the minds of many investors. Prices are pretty cheap right now, but, that doesn’t mean that prices aren’t going to get any cheaper, they no doubt will, if not soon, later down the line, we will see this downwards trend take off again. It’s the volatile nature of cryptocurrencies, the nature that makes them both a pleasure, and a hinderance. Therefore, with this in mind, take Morehead’s comments on the chin, he might be right, but there is also a great deal of risk involved in investment. Make your own decisions, do your own research. We are here to help you do that but even so, wider reading and an open attitude can really set you up, for a prosperous future as a part of our crypto revolution.

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