Dan Morehead has seen Decades of Bitcoin (BTC) repeat as Pantera Bets in Broad Crypto Future
The long -term potential of Bitcoin’s (BTC) remains more unopened, according to Dan Morehead, founder and CEO of Pantera Capital, who took the mainstage to Consensus 2025 in Toronto on Wednesday.
“There are a few more decades to get out of outsized return to Bitcoin,” Morehead told the audience, emphasizing Pantera’s continued conviction in the asset class.
Morehead offered a rare view of the pantry performance metrics, noting that the firm became income in 86% of its portfolio companies. Pantera also invested in 22 startups that continued to achieve “Unicorn” status with values of over $ 1 billion.
To get the opportunities to a rapid emerging scene, Morehead recommends that investors have adopted a wide approach. “We advise investing in a broad spectrum of tokens and equity equity,” he said.
In the same panel at the Consensus, Dan Tapiero, founder and CEO of 10T and 1RT, shared a sad look at the flow of deal and values.
“In this space, founders think they should raise capital to 50 to 70 times income,” said Tapero, calling the expectations “unrealistic.”
Tapiero said his firm has been passed by approximately 200 investment opportunities in recent years, along with some companies they truly like. “We are automatically passed on to many these deals because the price is too high,” he said.
Among those who rejected them? FTX, Celsius, and Blockfi, all three collapsed amid scandals and markets in the market.
Morehead also addressed the further international nature of crypto activity. “Ninety percent of crypto trading and protocols are based outside the US – which is incorrect,” he said. He blamed the regulation of inertia for Exodus but declared optimism that change was being carried out.
“Election win is a huge unlock,” Morehead said, referring to recent political changes in the United States. “Let’s go back to what should be. The last 6 to 8 years is a strange anomaly.” He hopes that the coming years will see capital and change returning to the US crypto sector.
Read more: ‘$ 500k bitcoin will be stamped’: Scaramucci says crypto is at the cusp of being an asset class
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