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 a little bit bit greater than doubled this yr…
On common, it has accomplished that for 11 years in a row. So crypto going up double is just not 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 presumably.
We’re sometimes lengthy. We’re all the time simply which different tokens are attention-grabbing. We’ve a giant 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 line with Morehead, TON is in a novel place to leverage Telegram’s 900 million month-to-month energetic customers.
“99.999% of blockchain initiatives are a tech concept attempting to create a group – from nothing. In line with CoinMarketCap, there are greater than 23,000 cryptocurrencies. That’s a tough highway for many.
Telegram is a group integrating blockchain expertise. That’s simply bought 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 trade protocol centered on tokenizing real-world belongings (RWA).
At time of writing, ONDO is buying and selling for $1.85.
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