Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Dan Morehead: Bitcoin will regain its former positions and begin further growth very soon

Bitcoin has to return to its peak levels in the next few weeks and will continue to grow, says Dan Morehead, CEO of Pantera Capital investment company and chairman of Bitstamp.

The bear markets have an average 71-day period, he explained, he has been running at bitcoin for 52 days already.

You may also like :

  • How futures affected the bitcoin rate

  • Bitcoin farm in Iceland will receive 100% of energy using renewable sources

“It seems like a couple more weeks, and everything will be fine, bitcoin may start to grow,” Dan Morehead said.

Pantera Capital was founded in 2003. In 2013, she launched her first crypto currency hedge fund. In December 2017, the Fund sent a letter to investors with a notification that the profit from activities for the year amounted to 2,5004%.

“We, of course, know that this is a very speculative market. It is volatile both upward and downward, “said former Goldman Sachs trader.

However, institutional investors have an appetite for this half-trillion-dollar asset class, which nobody owns, Dan Morehead said.

Earlier, the crypto-currency investor and founder of ONchain Capital Ran Neu Ner (Ran Neu Ner) said that bitcoin this year could return to the level of $ 20 thousand.

You may also like :

  • The best alternatives to bitcoin (2018)

  • The Japanese airline confirmed the possibility of payment in bitcoins

The post Dan Morehead: Bitcoin will regain its former positions and begin further growth very soon appeared first on Digital Bodha.



This post first appeared on Cryptocurrency News | Bitcoin Mining Hardware | Dogecoin, please read the originial post: here

Share the post

Dan Morehead: Bitcoin will regain its former positions and begin further growth very soon

×

Subscribe to Cryptocurrency News | Bitcoin Mining Hardware | Dogecoin

Get updates delivered right to your inbox!

Thank you for your subscription

×