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 yr…
On common, it has performed that for 11 years in a row. So crypto going up double just isn’t exceptional. We’re usually lengthy as a result of the markets are going to go up one other big quantity, one other order of magnitude probably.
We’re usually lengthy. We’re at all times simply which different tokens are fascinating. We’ve an enormous place in TON, Telegram’s token, Solana, ONDO. These are a few of ours.”
In Might of this yr, Morehead revealed that Toncoin (TON) is Pantera Capital’s “largest funding ever.” In accordance with Morehead, TON is in a singular place to leverage Telegram’s 900 million month-to-month lively customers.
“99.999% of blockchain initiatives are a tech concept making an attempt to create a neighborhood – from nothing. In accordance with CoinMarketCap, there are greater than 23,000 cryptocurrencies. That’s a tough street for many.
Telegram is a neighborhood integrating blockchain know-how. That’s simply obtained 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 alternate protocol targeted on tokenizing real-world belongings (RWA).
At time of writing, ONDO is buying and selling for $1.85.
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