Pantera
Two Crypto Projects Will Likely Outperform the Market This Coming Cycle: Pantera Capital Analysts
Analysts at crypto hedge fund Pantera Capital are naming two altcoin projects they’re optimistic about for the bull run. In its latest Blockchain Letter, Pantera analysts Cosmo Jiang and Erik Lowe say they are looking for crypto projects that are gaining fundamental traction. “Tokens [with] underlying protocols that have product market fit, are guided by […]
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Crypto Hedge Funds Bracing for Bullish 2024 and Potetial ‘Token Mania’: Report
Hedge funds in the crypto space are reportedly gearing up for what some think could be a positive year for digital assets markets. After surviving a deep bear market in 2022, firms like Pantera Capital, run by crypto veteran Dan Morehead, are expecting altcoins to start outperforming Bitcoin (BTC) as the market cycle evolves, Bloomberg […]
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Investing Legend Charlie Munger Wrong About Bitcoin, According to Pantera Capital’s Dan Morehead – Here’s Why
When it comes to Bitcoin (BTC), Berkshire Hathaway’s Charlie Munger has got it wrong, according to crypto investor Dan Morehead. In a new letter to investors, Morehead responds to Munger’s comments about Bitcoin in a recent interview with the Wall Street Journal. Munger said that the creation of Bitcoin – which he calls “an artificial […]
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Pantera Capital Doubles Down on Big Bitcoin Price Prediction for 2025 – Here’s Its Target
Digital assets-focused investment firm Pantera Capital has the conviction that Bitcoin (BTC) will spark a parabolic bull run after the halving event next year. In its latest blockchain letter, the firm, which has $3.5 billion in assets under management, says Bitcoin will likely increase by more than 466% from its current value, hitting six figures […]
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$4,100,000,000 Crypto Fund Says Bear Market Over, New Bull Run on Regardless of Interest Rates
Pantera Capital’s Dan Morehead and two investment associates think the crypto winter is over and has been over for months. In a recent newsletter, Pantera argues the most recent crypto bear market ended on November 21st and lasted a total of 376 days, more than the median bear market length of 307 days. Pantera’s investment […]
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Largest Crypto Hedge Fund in the World Says DeFi Will Drive the Next Crypto Bull Market
Crypto hedge fund giant Pantera Capital says that one sector of the digital asset space will be the life force of the next bull market cycle. In Pantera’s latest newsletter, chief investment officer (CIO) Joey Krug says that decentralized finance (DeFi) will act as the foundation for the next bull market. Krug says that 2022, […]
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Legendary Rocker Ozzy Osbourne’s Ozzfest Festival Is Coming to the Metaverse
Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) collection that consists of 9,666 unique bats designed by the legendary rocker, Ozzy and his wife Sharon Osbourne announced Ozzfest is coming to the metaverse. This annual hard rock music festival will take place in Decentraland from November 10-13, located on various stages in the […]Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore.
Pantera CEO Dan Morehead highlighted the potential growth and value of Decentralized Finance (DeFi), Web3 functionality, nonfungible tokens (NFTs) and Metaverse applications in his opening keynote speech at Token2049 in Singapore.
Thousands of attendees converged on Wednesday at the Marina Bay Sands Convention Center for the start of the two-day conference which features prominent speakers from the cryptocurrency and blockchain ecosystem.
Pantera, a blockchain-focused investment fund with $4.5 billion of assets under management, said it continues to see value in emerging crypto use cases.
Morehead drew parallels to the early 2000s when emerging technology companies like Amazon, Apple, and Google began to attract major investments after years of dominance by Microsoft in the stock markets.
Morehead highlighted that while Bitcoin (BTC) and Ethereum (ETH) dominated investors' cryptocurrency portfolios over the past decade, he argued that new projects and use cases could promise even greater returns on investment.
“We’re almost at the point where half of the entire market are things that aren’t the two main blockchains and I’m still wildly bullish on Bitcoin and Ethereum. But I just think these projects are going to perform even better and should be in someone’s portfolio.”
DeFi, Web3, NFTs and Metaverse projects hold the most promise according to Morehead. The Pantera CEO also mused over the state of DeFi, which endured a tough few months following the Terra/Luna collapse and the contagion of now-defunct lending firms.
Related: Pantera to close Blockchain Fund soon after raising $1.3B — double the target
Morehead suggested that DeFi's current command of a $20 billion market cap in comparison to the traditional finance system’s $3 trillion means there is plenty of room for growth in the sector.
The CEO was also bullish about Web3 given its focus on giving users control of their data, as well as platforms owned or governed by communities rather than centralized entities.
“The existing internet is all about extracting value out of you. There are also some sketchy governance issues in big tech. I’m excited for a world where people create and add value and all these networks actually own their data.”
Morehead went as far as describing Web3 as the most inevitable trade he’s seen, highlighting the potential for decentralized versions of existing projects to hand value back to creators and users.
The Pantera CEO concluded his presentation by underlying his belief that the current cryptocurrency market cycle is different from previous years given strong fundamentals, pointing to some 200 million people that use blockchain-based platforms and cryptocurrencies, which could increase to one billion in the next three years.