The CEO of digital assets-focused funding agency Pantera Capital says his agency owns a handful of different crypto along with Bitcoin (BTC).
In a brand new CNBC interview, Dan Morehead says that he thinks Bitcoin and crypto nonetheless have extra room to the upside this cycle.
Morehead notes that his agency has collected positions in three altcoins together with the layer-1 protocol Solana (SOL).
“The enjoyable factor about crypto is we’ve been doing this for 11 years, and Bitcoin has slightly bit greater than doubled this 12 months…
On common, it has achieved that for 11 years in a row. So crypto going up double shouldn’t be outstanding. We’re usually lengthy as a result of the markets are going to go up one other enormous quantity, one other order of magnitude probably.
We’re usually lengthy. We’re all the time simply taking a look at which different tokens are fascinating. We’ve got a giant place in TON, Telegram’s token, Solana, ONDO. These are a few of ours.”
In Might of this 12 months, Morehead revealed that Toncoin (TON) is Pantera Capital’s “largest funding ever.” In keeping with Morehead, TON is in a novel place to leverage Telegram’s 900 million month-to-month energetic customers.
“99.999% of blockchain initiatives are a tech concept attempting to create a group – from nothing. In keeping with CoinMarketCap, there are greater than 23,000 cryptocurrencies. That’s a tough street for many.
Telegram is a group integrating blockchain expertise. That’s simply received to be simpler.”
At time of writing, TON is buying and selling for $6.25.
ONDO is the native asset of Ondo Finance, a decentralized trade protocol targeted on tokenizing real-world property (RWA).
At time of writing, ONDO is buying and selling for $1.85.
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Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses you could incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in internet online affiliate marketing.
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