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Pantera Capita says the bitcoin bull market is just beginning

  • Pantera Capital CEO recommends investors to invest in bitcoin

  • In his opinion, this is just the beginning of the BTC bull market.

  • Morehead remembers three major Bitcoin price cycles

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Now that the Fed has tied its hands on the prospect of keeping rates low over the coming years – perhaps until the end of 2033 – Bitcoin bulls have revived again..

Pantera Capital CEO Dan Morehead lashed out at the Fed and its quantitative easing program, emphasizing in the Blockchain Letter that corporate America faces a difficult season in the third quarter, while stocks persist in ignoring fundamental realities and renewing record highs.

Pantera Capita assures that the bullish ...

Morehead warns that inflation is about to skyrocket, and the central bank is willing to keep the printing press going even if consumer prices hit the 2% mark. Recall that back in late July, the head of Pantera Capital complained about the States, which, in his opinion, are not at all coping with the crisis..

After the dovish rhetoric of the Federal Reserve, gold rose slightly, maintaining double-digit growth since the beginning of the year. Bitcoin gained almost 2% at the end of trading on September 16, at the moment it touched the important $ 11,000 mark.

Morehead’s recommendation in response to Powell’s monetary policy is short and clear: #buybitcoin

He also stressed that physical assets led by gold are actively rising in price this year, having “immunity” to the consequences of the pandemic, but most of the asset classes from the beginning of the year are ahead of cryptocurrencies..

Source: Pantera Capital

The beginning of the bull market

Pantera Capital believes that bitcoin is not only in the mainstream of a bull market, but also suggests that this is only the beginning of the growth of the first cryptocurrency..

We are convinced that the cryptocurrency market is now in the early stages of a bull market fueled by global investment growth and underlying technology.

Previously, Morehead worked for the American hedge fund Tiger Management, which has been in the markets for over thirty years..

Pantera Capita assures that the bullish ...

The head of Pantera Capital has witnessed three major price cycles during the eight years that he has been “brewing” in the cryptocurrency industry.

Pantera Capita assures that the bullish ...

In his forecasts, he relies on his own experience, combined with intuition, which tells him that the digital asset market is waiting for a new wave of growth..

Pantera’s Bitcoin Fund has grown by 61% since the beginning of the year, while the company’s ICO fund has ballooned by more than 300%.


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Pantera Capita assures that the bullish ...

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