Pantera Capital pokreće Blockchain fond od 1.25 milijardi dolara

The American asset manager that specializes in cryptocurrencies – Pantera Capital – is looking to raise $1.25 billion for its second blockchain fund.

Not long ago, the head of the company – Dan Morehead – argued that the digital asset market had hit its bottom in June and a bull run is on the horizon.

‘Very Bullish’ for the Future

Pantera Capital uveden its first cryptocurrency fund in August 2020, when it raised $165 million.

U nedavnom intervju, CEO Dan Morehead revealed that Pantera Capital intends to launch a second blockchain fund which will be significantly bigger than the previous one – $1.25 billion, to be completed by May next year.

Morehead said his company believes in the future development of the cryptocurrency industry, and that is why it focuses on such investments:

„Želimo da obezbedimo likvidnost ljudima koji na neki način odustaju jer smo i dalje veoma raspoloženi u narednih 10 ili 20 godina.”

The current condition of the sector, though, is not so optimistic. Today the global cryptocurrency market capitalization plunged below $1 trillion, while bitcoin trades at approximately $19,000 (a 70% decline compared to the all-time high price from November 2021).

According to Morehead, the unsatisfying performance of most digital currencies is because they are highly correlated with other risk assets. However, he expects to see the end of this trend soon, which would lead to a price expansion:

“Unfortunately, crypto pricing has become correlated with risk assets, which I honestly don’t think has to be true. My hope is that soon crypto will decouple from the macro markets.”

Morehead’s Crypto Predictions

At the beginning of the month, Pantera Capital’s CEO prognozirali that the ongoing crypto winter will soon start to change. He compared it to other market declines that have happened in the past, which were later followed by bull runs:

“Prošli smo kroz tri velika ciklusa medvjeđeg tržišta. Mislim da smo u junu dostigli najniže nivoe i da smo na sledećem bikovom tržištu. Možda će biti kamenito i može potrajati, ali mislim da smo na sljedećoj dionici relija.”

A few weeks later, Morehead predviđa that billions of people will employ blockchain technology in their activities in the next four-five years. He claimed that this adoption could be another reason for a future price rally for many digital currencies.