In an October 6 webinar, Pantera Capital disclosed that their Digital Asset Fund intends to invest more heavily into DeFi assets than the rest of the market. Pantera’s co-chief investment officer, Joey Krug said that unlike other funds that allocate most of their portfolios to stores of value like Bitcoin (BTC), his company is prepared to place its primary bet on DeFi: “And so if you look at portfolio construction, we can see that relative to the market, we're taking a different bet with the Digital Asset Fund. Most of the market is basically payments and store of value. So …

Dan Morehead, CEO and founder at investment firm Pantera Capital, is convinced that DeFi will outperform Bitcoin in the next five years. In a recent interview with Cointelegraph, Morehead pointed out that despite the poor performance of Pantera’s altcoin funds in 2019, the situation has flipped in the last few months due to the explosive growth of decentralized finance protocols and tokens. At the end of August, Pantera’s digital assets fund was up 123% year to date. "The world has woken up to DeFi and capital has flowed into the space", he said. According to the fund manager, Bitcoin has …

Pantera Capital, a crypto investment firm that has $600 million under management, had a very good year, but still not as good as 2018. According to a recent SEC disclosure, Pantera Venture Fund III has raised $164,705,834 to date — and a whopping $68,841,379 of that has come over the last twelve months. While the fund raised only $24,419,455 last year, it still has not topped its 2018 raise of $71,445,000. Pantera Capital fundraising 2018-2020. Source: Cointelelgraph, SEC. The average investor ticket size, which amounts to roughly $1.77 million, increased more than fourfold relative to 2019 and doubled versus 2018. …

Pantera Capital is the oldest Bitcoin investment firm in the United States. When the company’s founder, Dan Morehead, was asked to make a Bitcoin price prediction during a recent interview, he first mentioned an investment letter published by the firm. In this letter, based on the stock-to-flow model, the firm made the bold prediction that Bitcoin will hit $115,000 by August 2021. Stock to flow model. Source: Glassnode. Morehead expects Bitcoin to keep growing Morehead thinks this is still possible, despite the fact that in just one year, the asset’s price would have to increase to nearly 10 times its …

In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis. “The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.” Morehead made it clear that Pantera Capital sees Bitcoin as the solution for the current crisis. He also contrasted the effects of money printing in …

Dan Morehead, the founder of the first crypto venture capital firm, Pantera Capital, believes that altcoins will outperform Bitcoin (BTC) over the next couple of years. Speaking at the Unitize virtual event, Morehead said that in the short-term, his firm is betting on altcoins: “And it's our opinion that these altcoins and particularly smaller cap smart contract tokens are going to outperform Bitcoin over the next couple of years.” Portfolio altcoins are up 100% He emphasized that it would be incorrect to suggest that Pantera does not believe in Bitcoin. Rather, they are of the opinion that smaller coins will …

Dr. Steven Waterhouse, a founding partner of Pantera Capital, says that his biggest regret as a VC is not investing in the Ethereum (ETH) Initial Coin Offering (ICO), but he learned his lessons from his mistake. Waterhouse received his doctorate from Cambridge University back in 1997. He launched several successful ventures before joining Fortress Investment Group in 2013 where he rubbed shoulders with Mike Novogratz. Initially, the idea was to start a crypto fund within Fortress. When this did not work out, he became one of the founding partners of Pantera Capital, in which Fortress invested. Currently, he serves as …

Editor's note: The original version of this article had Dan Morehead predicting a Bitcoin peak of $533,431 in an April 30 letter to investors shared with Cointelegraph. The prediction was changed to $115,212 in a Medium blog published on May 4. Pantera Capital Founder and CEO Dan Morehead has predicted there is more than a 50-50 chance Bitcoin goes up “and goes up big”, with a predicted peak of over $100,000 in August 2021. The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a letter to investors examining the performance of Bitcoin (BTC) prior to the …

Pantera Capital Founder and CEO Dan Morehead has predicted Bitcoin will “come of age” during the 2020 financial crisis and may top its all time high price within 12 months. The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a March 25 letter to investors examining the fallout from the COVID-19 financial crisis. Morehead offered a grim prediction for the economy and said he believes the global economy is about to enter its first ever period of negative growth. “I now believe that the recession is likely to be larger than any post-War recession,” he said …

Sparkswap, a decentralized exchange backed by Pantera Capital, announced it is shutting down on March 17. The exchange cited a weak user base as the catalyst for its decision to cease operations. The platform has shut its doors to new customers and will put an end to all trading services after March 24. The exchange will also terminate its Lightning node before April. Sparkswap unable to attract enough users to sustain operations Sparkswap users’ U.S. dollar funds will remain in accounts held with the exchange’s banking partner AnchorUSD. Users can either leave the funds in an AnchorUSD account or withdraw …

While cryptocurrency markets are experiencing another crash this Monday, major digital asset platform Bakkt has some good news. Referred to as one of the most promising crypto-related initiatives for its physically settled Bitcoin (BTC) futures, Bakkt has now raised an additional $300 million to continue developing digital asset-focused services, the firm’s new CEO Mike Blandina announced on March 16. Closed the funding round on March 13, Bakkt has now totally raised $482.5 million According to the announcement, the Series B financing round featured Bakkt’s parent company, the Intercontinental Exchange (ICE), Microsoft’s venture capital arm M12, fintech firm PayU, Boston Consulting …

Ceres, a marketing firm based in Japan, has just become the latest investor in the San Francisco-based blockchain and cryptocurrency hedge fund Pantera Capital. On Feb. 28, Ceres announced on its website that they were supplying Pantera an undisclosed amount of yen towards the group’s third crypto fund. As the first Bitcoin fund in the United States, Pantera was quick to see the potential in cryptocurrency and raised $13 million for its debut offering in 2013, and $25 million for its second. The group’s third venture fund, dubbed Pantera Venture Offshore Fund III LP, was registered in August 2018. The …