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Pantera Capital chief executive officer Dan Morehead has predicted a 50% chance the price of bitcoin (BTC) will hit $115,000 by August next year. In a recent letter to investors, Morehead said: “If the new supply of bitcoin is cut in half (with the May 12 halving), all else being equal, the price should rise.” […]
The post Bitcoin to Peak at $115,000 by August Next Year, Says Pantera Capital CEO appeared first on Bitcoin News.
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Major cryptocurrency investment firm, Pantera Capital, has reported a lifetime return of more than 10,000% on its fund. The company has announced the impressive return in celebration of its five-year anniversary. Also Read: Markets Update: Crypto-Prices See Some Recovery After the Dip Pantera Reports Fund has Generated 10,000% Return Over 5 Years It has been reported […]
The post Pantera Capital Reports Lifetime Return of More Than 10,000% appeared first on Bitcoin News.
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Bitcoin’s price remains virtually unchanged from yesterday’s $8,900 mark. While $9,000 hasn’t been reached just yet, sentiment remains that the currency could strike this territory in the coming days. What’s interesting is that despite certain regulatory maneuvers inching forward, bitcoin and cryptocurrencies remain popular enough to fight ongoing resistance levels. In the past, when bitcoin was younger, the slightest move against its decentralized nature was known to make its price suffer, but now, things appear to be stabilizing somewhat. RBI, for example, recently made headlines when it announced that it would no longer support cryptocurrency ventures, thus leaving several businessesPowered by WPeMatico
Bitcoin’s price has suffered a slight blunder. After spiking to nearly $8,400 over the weekend, the coin fell during today’s early morning hours to $7,900, but has since rebounded to about $8,000 at press time. It’s good news to know that while bitcoin failed to develop stronger resistance during its Sunday high, the drop wasn’t any worse. Joining bitcoin with an exact-matching four percent drop in value is ether, which has fallen from approximately $537 to $503 at the time of writing. In addition, bitcoin cash, Ripple’s XRP and litecoin have all fallen by roughly three percent each. Drops inPowered by WPeMatico
The CEO and founder of Pantera Capital, Dan Morehead, recently told media that bitcoin is “under-owned” by institutional investors despite high demand for cryptocurrency exposure. Mr. Morehead also predicted bitcoin to produce bullish price movements in coming weeks. Also Read: Markets Update: Cryptocurrencies Start Forming a Well Defined Uptrend Pantera Bullish on Bitcoin In a recent […]
The post Bitcoin is “Under-Owned” Among Institutional Investors says Dan Morehead appeared first on Bitcoin News.
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