Bitcoin’s rally has been ‘stunning,’ says Pantera CEO

Bitcoin’s recent price rally has been “stunning,” and it is still early days for the cryptocurrency, according to Pantera Capital CEO Dan Morehead.

“It’s stunning how much the bitcoin price has rallied in the last few months,” Morehead told CNBC’s “Fast Money” on Tuesday.

The bitcoin price is up more than 400 percent since March when it hit a low of around $1,000. It is currently trading at around $4,700.

Morehead said that while there are a number of factors driving the price higher, including increased interest from institutional investors, he believes the main reason is that “it’s still early days.”

“If you look back at other great technological innovations, it typically takes years or even decades for them to really achieve their potential,” he said. “I think bitcoin is still in that early stage where there’s a lot of upside potential.”

Morehead added that while there are risks associated with investing in bitcoin, such as regulatory uncertainty, he believes the rewards outweigh the risks.

“I think the risk-reward is still very attractive for bitcoin,” he said. “The downside is limited, but the upside is potentially huge.”

Investing in bitcoin is not without its risks, but those who are willing to take on the risk may be rewarded handsomely.

Pantera Capital is one of the most well-known cryptocurrency hedge funds

Founded in 2013, Pantera Capital is one of the first and most successful cryptocurrency hedge funds. The firm’s CEO, Dan Morehead, is a well-known figure in the space and has been a vocal advocate for Bitcoin and blockchain technology.

In a recent interview, Morehead discussed the current state of the cryptocurrency market and his bullish outlook on the future of blockchain technology.

Morehead began by discussing the recent surge in Bitcoin’s price, calling it “stunning” and noting that it is still early days for the asset class. He went on to say that he believes we are in the midst of a “once-in-a-generation” opportunity, similar to the dot-com boom of the late 1990s.

Morehead is bullish on blockchain technology as a whole, calling it a “disruptive force” that is here to stay. He believes that the technology will eventually have a major impact on a number of industries, including banking, healthcare, and supply chain management.

Looking ahead, Morehead said that he expects Pantera Capital to continue to be a leader in the space, both in terms of investment and education. He concluded by saying that he believes the cryptocurrency market is still in its early stages and that there is a lot of room for growth.

So there you have it. Tim Morehead of Pantera Capital is bullish on blockchain technology and believes that it will eventually have a major impact on a number of industries. He also believes that the cryptocurrency market is still in its early stages and that there is a lot of room for growth.

Why the bitcoin price is going up

The bitcoin price has surged to a new all-time high, and Pantera Capital CEO Dan Morehead attributes it to increasing mainstream adoption.

“I think we’re in the first innings of bitcoin,” Morehead said on CNBC’s “Fast Money” Wednesday night. “It’s just beginning to get traction.”

Morehead said that while he doesn’t know where the price of bitcoin will go in the short term, he is certain it will be higher in the long term.

“In 10 years, I think it’ll be worth more than $100,000 a coin,” he said.

Morehead’s comments come as the bitcoin price reached a new all-time high of more than $2,800 on Wednesday. The digital currency has now gained more than 150 percent this year.

Some experts have attributed the recent surge in the bitcoin price to increasing demand from Chinese investors. However, Morehead said he thinks the price is going up because “bitcoin is becoming better understood.”

“People are starting to wake up to the fact that this is a real thing,” he said. “It’s not just a fad or a bubble.”

As mainstream adoption of bitcoin increases, Morehead said he expects the price to continue to go up.

“I think we’re still in the early innings,” he said. “This is a global phenomenon.”

Bitcoin is a digital currency that was created in 2009. It is not backed by any government or central bank.

The value of bitcoin is determined by supply and demand. The more people who want to buy bitcoin, the higher the price goes.

Bitcoin can be used to buy goods and services just like any other currency. However, it is also often used as an investment, since its price has been rising steadily over the past few years.

While the bitcoin price has reached new highs in recent months, it remains volatile. The price can go up or down sharply in a short period of time.

Investing in bitcoin is risky, but it could be profitable if the price continues to rise. If you do decide to invest, make sure you understand the risks involved.