Pantera Capital head predicted a massive influx of capital into cryptocurrency
Dan Morehead believes that the tightening of monetary policy in the US will lead to a large-scale influx of assets from stock exchanges to the crypto market
28.04.2022 - 15:15
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What’s new? Dan Morehead, founder, and CEO of Pantera Capital said that cryptocurrencies are the only asset resistant to rate hikes by the US Federal Reserve System (Fed). He believes that digital currencies may become the safest asset class for investors in the event of an economic crisis. Morehead said this in an interview with the YouTube channel Bankless.
What else did Dan Morehead say? The head of Pantera Capital noted that he is optimistic about the crypto industry. Morehead said that many asset classes are being eliminated and eventually only cryptocurrencies will remain. He also suggested that digital currencies may separate from the stock market in the future.
What preceded it? Dan Morehead previously stated that in 2022, investors would dispose of bonds, stocks, and real estate as the massive rise in cryptocurrency values was coming. In his view, the price of bitcoin will be less volatile in the future. He also said that the “bear market” was over and bitcoin was ready to move on to a new growth phase.
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