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 accrued 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 completed that for 11 years in a row. So crypto going up double will not be 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 sometimes lengthy. We’re at all times simply taking a look at 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 line with Morehead, TON is in a novel 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 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 know-how. That’s simply received 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 targeted on tokenizing real-world belongings (RWA).
At time of writing, ONDO is buying and selling for $1.85.
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Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in affiliate marketing online.
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