Pantera Capital 1.25 миллиард долларлык блокчейн фондун ачат

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 Капитал киргизилген its first cryptocurrency fund in August 2020, when it raised $165 million.

Жакында эле жылы интервью, 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:

"Биз баш тартып жаткан адамдар үчүн ликвиддүүлүктү камсыз кылгыбыз келет, анткени биз кийинки 10 же 20 жыл ичинде дагы эле өжөрбүз."

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 болжолдонгон 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:

«Биз аюу базарынын үч чоң циклинен өттүк. Менимче, биз июнь айында эң төмөнкү чекке жеттик жана биз кийинки бука базарына чыктык. Бул таштак болушу мүмкүн жана бир аз убакыт талап кылынышы мүмкүн, бирок биз митингдин кийинки этабындабыз деп ойлойм.

A few weeks later, Morehead каралган 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.