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 amassed 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 just a little bit greater than doubled this 12 months…
On common, it has finished that for 11 years in a row. So crypto going up double isn’t 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 presumably.
We’re usually lengthy. We’re at all times simply taking a look at which different tokens are fascinating. We now have an enormous 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 accordance with Morehead, TON is in a novel place to leverage Telegram’s 900 million month-to-month lively customers.
“99.999% of blockchain tasks are a tech concept making an attempt to create a group – from nothing. In accordance with CoinMarketCap, there are greater than 23,000 cryptocurrencies. That’s a tough street for many.
Telegram is a group integrating blockchain know-how. That’s simply acquired 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 change 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 Day by day Hodl aren’t funding recommendation. Traders 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 individual danger, and any losses it’s possible you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in affiliate marketing online.
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