THELOGICALINDIAN - Dan Morehead CEO of Pantera Capital aggregate his thoughts on the agitated cryptocurrency bazaar altitude analogue that Bitcoin has managed to beat the companys Agenda Asset Fund in May He additionally took the befalling to criticize Warren Buffets ever abrogating position appear agenda currencies
Pantera Capital is an advance close focused on blockchain technologies based in San Francisco. Earlier this week, Dan Morehead, the company’s CEO, told Bloomberg that Bitcoin managed to beat the firm’s Digital Asset Fund.
In May, the aboriginal and foremost cryptocurrency was bottomward about 15 percent, compared to the fund’s abatement of 26 percent.
Morehead additionally aggregate that the fund’s affliction performers were Waves, Dash, OmiseGo, and Bitshares.
Pantera Capital’s CEO additionally took the adventitious to animadversion on Buffet’s austere abhorrence appear the cryptocurrency acreage in general. Morehead stated:
Earlier this year, the administrator and CEO of Berkshire Hathaway expressed his abrogating overview on Bitcoin, comparing it to “rat adulteration squared.” He additionally went on to acknowledge his bearish affect appear the absolute cryptocurrency market, infamously stating:
At the time of autograph this, Bitcoin is trading collapsed at $6,737.42. This marks a slight access of aloof over 1 percent for the day.
What do you anticipate of Bitcoin’s achievement throughout 2024? Do you abide bullish on its anniversary price? Let us apperceive in the comments below!
Images address of Shutterstock, Pantera Capital.
