One of the earliest and most influential investors in the Bitcoin market reveals which altcoins he invests in. He is of the opinion that two projects will even threaten BTC.
Dan Morehead is betting on top altcoins
Pantera Capital CEO Dan Morehead first invested in Bitcoin in August 2013, when the BTC price was just $ 104. He then told investors that he believed it would soon “Explodes” up to $ 200.
Now, in an interview with Real Vision, Morehead said he remains extremely optimistic about Bitcoin, but believes that altcoins like Ethereum and XRP will surpass the king of cryptocurrencies in the coming year.
When asked specifically which altcoin he would choose for the next 12 months, Morehead says he is most optimistic about Polkadot (DOT), a project founded by Ethereum co-creator Gavin Wood.
– If I have to pick one [kryptowalutę], I will choose Polkadot. It’s about 10 percent. Ethereum values – He said. – I think all cryptocurrencies can [mocno] rise – added.
As he added, he and his people are “Very excited about Polkadot as it takes advantage of all the benefits of Ethereum but does it with much more bandwidth. We are really heavily invested in it. “
Morehead also points to the decentralized finance (DeFi) market as a segment of the cryptocurrency market that is poised for big growth. Pantera recently held a $ 12 million investment round in a 1inch decentralized exchange chiller.
– Explosion [kursu] DeFi was an important event – he said and came on about decentralized exchanges. – Why have a highly secured broker that holds everyone’s assets when they can be stored in code? He asked rhetorically.
He added that he had watched the DeFi market grow strongly this year.
-Now there are even things like 1inch (…). I can see a lot of activity in the DeFi space – He said.
Morehead says the Panther can hold cryptocurrency assets that are in the early stages of development in its portfolio for years as they become more liquid over time.
Do you share his forecast for DOT, ETH and XRP?