Pantera Capital Predicts Huge Crypto Investments | CryptoGazette
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The head of an essential American hedge fund believes that the crashes and pumps of Bitcoin that we have been seeing lately will get less and less volatile in the future.
Crypto markets to get less volatile
It’s been just reported that the Pantera Capital CEO Dan Morehead says more institutional ownership of BTC and a higher Bitcoin market value will moderate the top crypto asset’s price swings.
“While we’ve had two -80% bear markets already, I believe those are a thing of our primordial past. Future bear markets will be shallower. The previous two have been -61% and -54%. Unfortunately, there’s no free lunch. The flipside is we probably won’t see the 100x rallies anymore either.”
He also said that the current bear market is finished, and Bitcoin has moved on to a new rally cycle.
“The next 6-12 months are likely to see a massive rally as investors flee stock, bond, and real estate markets – for blockchain.”
More head also stated that BTC in early April was 56% below the 11-year exponential growth trend, which he says is a “rare” level of cheapness for the Bitcoin market.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $41,293.
“While we’ve had two -80% bear markets already, I believe those are a thing of our primordial past. Future bear markets will be shallower. The previous two have been -61% and -54%. Unfortunately, there’s no free lunch. The flipside is we probably won’t see the 100x rallies anymore either.”
He said that the current bear market is finished, and Bitcoin has moved on to a new rally cycle.
“The next 6-12 months are likely to see a massive rally as investors flee stock, bond, and real estate markets – for blockchain.”
There are all kinds of optimistic predictions about the price of Bitcoin despite the volatility that we have been seeing in the crypto market.
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