The CEO of blockchain certification financial investment fund Pantera Money has stated that is substantially additional assured that cryptocurrency is listed here to continue to be in this bear market place than he was for the duration of the last extended downtrend in price ranges. Dan Morehead said that his optimism stems from the blockchain certification and digital asset space currently being in a a lot far better position basically than it was in 2014 and 2015.
Morehead also lose light on what his fund is now investing in – mainly scalability, fiat on-ramps, and remittance products and services. This marks a change from 2018, when the the vast majority of Pantera’s investments were getting built in ICOs.
Morehead: We Now Have the Circumstances for Institutional Income to Circulation into the Crypto Industry
Speaking with journalist Laura Shin on her Unchained podcast, CEO of Pantera Capital, Dan Morehead, discovered his feelings on the present bear marketplace, the future of cryptocurrency, institutional curiosity in the space, and what his fund was investing in this year.
The job interview began with Morehead stating that he was no more time worried about no matter whether blockchain certification was below to remain or not as he was in the course of the 2014-15 bear sector. His reasoning for this is that the fundamentals of the market are much much better than they ever have been. He also joked about the reappearance of a particular cryptocurrency group member currently being a feasible signal that the “crypto winter” could be drawing to an close:
“I consider the fundamental fundamentals are a great deal a great deal more powerful than they have been in the 2014-15 crypto winter and it could be a coincidence but it is humorous that Craig Wright pops up at the close of crypto winters.”
Soon after a fast laugh, Shin steered the interview back again toward these enhanced fundamentals outlined by Morehead. He replied by stating that the business now experienced the essential problems for institutional funds to transfer into the current market en masse for the very first time:
“Institutional buyers really want to have a custodian that is very well-acknowledged and regulated. We seriously have not experienced that in the past.”
The CEO explicitly described options to the institutional custody trouble remaining launched by equally Fidelity Investments and Bakkt as examples of these improved fundamentals.