The CEO of blockchain investment fund Pantera Capital has stated that is much more confident that cryptocurrency is here to stay in this bear market than he was during the last prolonged downtrend in prices. Dan Morehead stated that his optimism stems from the blockchain and digital asset space being in a much better position fundamentally than it was in 2014 and 2015.
Morehead also shed light on what his fund is currently investing in – largely scalability, fiat on-ramps, and remittance services. This marks a shift from 2018, when the majority of Pantera’s investments were being made in ICOs.
Morehead: We Now Have the Conditions for Institutional Cash to Flow into the Crypto Market
Speaking with journalist Laura Shin on her Unchained podcast, CEO of Pantera Capital, Dan Morehead, revealed his thoughts on the current bear market, the future of cryptocurrency, institutional interest in the space, and what his fund was investing in this year.
The interview started with Morehead…
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