Dan Morehead, the chief executive officer of Pantera Capital, recently discussed the cryptocurrency bear trend on an episode of the Unconfirmed podcast. Morehead argued that the crypto sector has much more robust fundamentals than it did during the previous bear trend, asserting that the industry has developed the infrastructure necessary in order to attract institutional investors. The company has also raised $130 million for a third venture fund.
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Pantera CEO Finds Current Bear Market Less Worrisome Than 2014 – 2015 Downtrend
With regards to how the current downtrend differs from the previous bear market, Morehead stated: “the underlying fundamentals are much stronger than they were during the 2014-15 winter,” noting that…