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To the Crypto Team. Congratulations & 2 More Weeks.

I am sure you guys are doing everything it takes to make this a real bonafide publicly traded Crypto deal. The markers are perfect and right on schedule! Keep up the great work and congratulations ahead of time!



Dan Morehead, the founder and CEO of Pantera Capital, believes that bitcoin bear market is about to turn bullish. He expects Bitcoin to start rising in the next couple of weeks and reach its new highs.
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Despite the impressive gains that cryptocurrencies had during 2017, bitcoin remains ‘under-owned’ by institutional investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, continues to rebound from its minimum levels reached last week. It is expected to return its peaks just in a couple of weeks by some experts.

Dan Morehead, the chief executive officer and founder of Pantera Capital, said to CNBC that the bear market is about to finish and a new bull run will come very soon.

“We’re certainly aware that it’s a very speculative market. It’s volatile on the upside, but it can be volatile on the downside. But we’ve had a 64 percent fall from its peak to the trough a couple of days ago and that’s actually exactly the average decline in the Bitcoin market over the last seven bear-market cycles. So—the past doesn’t predict the future—but it seems like this is about the right [correction]. The other stat to note is that it typically has had on average a 71 day bear market and we’re 52 days into this. So it seems like another couple of weeks and everything will be kind of normal and it could start grinding back up.”

Morehead explained that institutional investors have barely even gotten involved in the market – leaving plenty of room for expansion. “There’s such an institutional appetite to get exposure to this. It’s a half a trillion dollar asset class that nobody owns,” Morehead said. He added: “That’s a pretty wild circumstance. And it’s also only got a 0.1 percent correlation to the rest of the financial markets… And Bitcoin is still so under owned by institutional investors that it trades kind of at its own beat.”

Founded in 2003, Pantera Capital started its first cryptocurrency fund in 2013 and now it is an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets. Pantera Capital is invested in a number of leading cryptocurrency ventures, including Bitstamp, Korbit, Xapo, and Bitpesa. In 2017, the firm launched an ICO.

https://www.coinspeaker.com/2018/02/13/next-bitcoin-price-bull-run-occur-2-weeks-says-pantera-capitals-ceo/