{"id":22733,"date":"2023-08-07T05:15:48","date_gmt":"2023-08-07T05:15:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pantera-capital-ceo-optimistic-about-bitcoins-bull-market\/"},"modified":"2023-08-07T05:15:48","modified_gmt":"2023-08-07T05:15:48","slug":"pantera-capital-ceo-optimistic-about-bitcoins-bull-market","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pantera-capital-ceo-optimistic-about-bitcoins-bull-market\/","title":{"rendered":"Pantera Capital CEO Optimistic About Bitcoin’s Bull Market"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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After suffering a protracted bear market, Pantera Capital<\/strong> <\/a>CEO Dan Morehead thinks that Bitcoin has now reached a turning point. Morehead claims that there comes a point where markets cannot continue to fall for an infinite amount of time based on his 35 years of expertise trading market cycles. The recent failures of Terra and the cryptocurrency exchange FTX have added to the industry\u2019s suffering and may have sparked a bull market.<\/p>\n

Says Morehead, \u201cIt\u2019s been a full year since TerraLUNA\/SBF\/etc. It\u2019s been enough time. We can rally now.\u201d<\/em><\/p>\n

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177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Bitcoin\u2019s Decoupling from Traditional Markets<\/strong><\/h2>\n

The decoupling of digital assets from conventional markets, in Morehead\u2019s opinion, is one of the noteworthy trends in the crypto industry. He makes the point that any future flaws in stocks or bonds would not have as big of an effect on cryptocurrencies as many experts formerly thought.<\/p>\n

\u201cBlockchain has massively decoupled. It\u2019s just hard to notice in the moment,\u201d<\/em> says Morehead.<\/p>\n

Blockchain assets and risky assets have historically had nothing in common. Using Bitcoin as a stand-in for the blockchain, the S&P 500 only had a 0.03 correlation for the first nine years of its existence. This absence of correlation was a key justification for thinking of cryptocurrencies as a fantasy investment with excellent past returns and little connection to conventional assets.<\/p>\n

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5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The link, which peaked at 0.76 last year, was caused by the overwhelming leverage used by centralized corporations and the actions of individuals like Sam Bankman-Fried. This brief increase in correlation was an aberration, and it is again back below 0.1 for Bitcoin and the S&P 500.<\/p>\n

The basic nature of blockchain, according to Morehead, is independent of interest rates, giving it a minimal connection with conventional asset classes like equities, bonds, and real estate, which are significantly impacted by rates.<\/p>\n

BlackRock ETF | A Potential Catalyst for Bitcoin\u2019s Surge<\/strong><\/h2>\n

Morehead emphasizes the fund\u2019s tremendous rise of 41,960% since its start while discussing Pantera\u2019s record. Then, he makes note of something that could be even more alluring for certain investors: a BlackRock ETF (exchange-traded fund) that is just focused on Bitcoin.<\/p>\n

\u201cIf approved, we anticipate a significant impact to crypto similar to the launch of BlackRock\u2019s iShares Gold ETF in January 2005, which coincided when gold was trading at $423 per ounce. Today, the price of gold stands around $1,950 per ounce,\u201d<\/em> says Morehead.<\/p>\n

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5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

He stresses that although a variety of economic variables have affected the price of gold throughout time, the introduction of the ETF was a significant element in its ascent.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) After suffering a protracted bear market, Pantera Capital CEO Dan Morehead thinks that Bitcoin has now reached a turning point. Morehead claims that there comes a point where markets cannot continue to fall for an infinite amount of time based on his 35 years of expertise […]<\/p>\n","protected":false},"author":34,"featured_media":22734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22733"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22733"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22734"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}