Pantera Capital CEO Dan Morehead has set the date for the anticipated crypto rally. Pantera Capital CEO Dan Morehead made statements about the cryptocurrency market in a new blog post he published.
Morehead stated that giving BTC more institutional ownership and a higher market cap will smooth out the price fluctuations of the world's largest cryptocurrency in terms of market cap. Dan Morehead made the following statements in the continuation of his statements on the subject.
“Although we already have two 80% bear markets, I believe they belong to our primitive past. Future bear markets will be shallower. The previous two were -61% and -54%. Unfortunately, there is no free lunch. On the other hand, probably We won't be seeing 100x rallies anymore either."
Pantera Capital CEO also underlined that the current bear market is over and the leading cryptocurrency Bitcoin (BTC) has entered a new rally cycle.
“The next 6-12 months will see a massive rally as investors flee the stock, bond and real estate markets for blockchain.”
The CEO also stated that in early April, BTC is 56% below the 11-year exponential growth trend, which he says is at a “rare” level of cheapness for the Bitcoin market.
Bitcoin (BTC) is trading around $39,804 at the time of writing. Bitcoin (BTC) price is down -3.7% in the last 24 hours.