Dan Morehead, CEO of Pantera Capital, said in an interview with CNBC that his companies are using Bitcoin $102,189.6 He stated that they also have several cryptocurrencies in their portfolio. Morehead said crypto markets have further upside potential this cycle.
Pantera Capital’s Crypto Portfolio
Morehead stated that Pantera Capital has positions in three altcoins and one of them is Solana. He also added that they also hold large positions in TON and ONDO, the native tokens of TON and Ondo Finance.
Crypto Insights from Dan Morehead
“We’ve been involved in crypto for 11 years and Bitcoin has just doubled this year. “We are generally long because we believe the markets will rise even more.”
Speaking as follows, Morehead stated that crypto markets have historically doubled every year and that this is a normal situation.
Focus on TON and Ondo
In May, Morehead announced that Pantera Capital’s largest investment was TON. He noted that TON has the potential to benefit from Telegram’s 900 million monthly active users. Ondo Finance’s native token, ONDO, belongs to a protocol focused on tokenizing real-world assets.
TON is currently trading at $6.25, while ONDO is at $1.85. Morehead stated that he thinks combining Telegram’s community integration with blockchain technology provides a significant advantage for the success of projects.
The diversity in Pantera Capital’s crypto portfolio shows that they spread risks by investing in different altcoins besides Bitcoin. Morehead emphasized that most blockchain projects have difficulties in creating communities and stated that Telegram integration will facilitate this process.
This strategy from Pantera Capital aims to focus on projects that may have broader growth potential in the crypto market. The company’s current investments offer a positive outlook for the future development of digital assets.
This diversity in Pantera Capital’s portfolio allows investors to access different crypto projects while being less affected by market fluctuations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
