Pantera Capital: the fundamentals of Bitcoin today is very strong
Source:Just over a year ago, the market capitalization for the whole cryptocurrency industry exceeded $ 800 billion, but has since fell more than 80 percent. Today the figure is 141 billion. Such a protracted bear market received a separate term «kryptonim». The blockchain-an investment Fund of San Francisco Pantera Capital published a study in which the price of 2013 compared with the price of 2017 based on actual and anticipated performance. As stated in the report of the Fund, despite the significant drop in prices, the fundamentals of the major cryptocurrencies have continued to grow.
In 2013, the first Bitcoin climbed above $ 1000 dollars but already in the following year was slightly more than 300 dollars. Remarkably, the cycle is also marked cryptoimage. Says CEO of Pantera Capital Dan Morehead, the first kryptonia he was worried a lot stronger, as it was the first test of the blockchain. But the technology survived, and based on her currency in subsequent years only grew in price.
As for the current bear market, but now the fundamentals and features of cryptocurrency is much stronger than it was during cryptogamy 2014-2015.
And according to Morehead, this trend is primarily due to the growth of institutional interest in the cryptocurrency. We will remind, this year needs to be running platform for trading digital assets Bakkt from the NYSE and ICE, and Fidelity is going to run custodial services. Recently JP Morgan its own crypto currency, backed by the dollar.
People been saying for years about the coming wave of institutional money. I think the spaces are there the necessary conditions for this.
The More data you look at . The current rate of coins can be found in our classroom .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
Rally Bitcoin — deception. Well-known economist advises to invest in gold
Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...
Related News
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in...
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Bullrun Bitcoin will start after the "Golden cross". What does it mean?
the Sudden growth greatly enlivened traders and investors. After formation of the first in a long time local of the uptrend, the experts began to speculate about the future price movements of the cryptocurrency. Some are predictin...
Today is the last Sunday of winter, so the next issue of Cryptogamia will be released in the spring. This week she was starting to smell — especially in the cryptocurrency market. finally broke through the level of $ 4,000, and ye...
The money you stole from the Bitcoin economic model. Critic Roger Faith
Roger Ver, who once again came to the defense and tried to describe the future of the coin. In a recent interview, he noted that BCH is facing many challenges, including scaling and competition from other assets. At some moment wi...
The price of your bitcoins will be irrelevant in 5 years. The analyst
More than a year ago, started to significantly SAG. Since then, investors have put a lot of effort in trying to find the bottom. Some have tried to compensate for the decline of measured and consistent growth of the savings in BTC...
Sexual extortion scams brought 300 thousand dollars in bitcoins
According to research by the British company, cybercrime investigation, Digital Shadows and their publication in The Next Web, cybercriminals have earned 332 thousands of dollars in . Reportedly, they used a fairly common extortio...
Co-founder of Reddit: kryptonim rid the market of speculators and opened the way real builders
according to the co-founder of Reddit Alexis Ohanian, the hype around the crypt is gone, but now on the scene for the true believers. This opinion he expressed during an interview with Yahoo Finance. On the question of the continu...
Cryptostigmata: Lightning Network is gaining popularity on Twitter
Company Fidelity Investments gave the Lightning Torch, a kind of alternative Olympic torch in the crypt. Recall that the so called using the Lightning Network, launched by criptonita Hodlonaut. He first sent a small payment of 10 ...
Ripple will grow to $ 1,000 over 10 years. Based on what an incredible prediction?
last year, the anonymous insider Bearableguy123 sounded, seemingly unrealistic regarding the future price of 589 dollars. This time another trader under the name AinisSpainis announced even more exciting scenarios. In his opinion,...
Bitcoin broke above $ 4100. Bullrun started?
Today the market is extremely many buyers, thanks to them was even able to break through the resistance area $ 4,000 and jump higher. The price of cryptocurrency has made a successful attempt of a breakthrough after a relatively l...
Hardware wallets, or Without the private key, the cryptocurrency does not belong to you
2018 showed kriptosistem that there are many risks that must be offset. These include the security threat. What you can do for the safety of their coins in 2019? We want to know what makes different blockchain projects to counter ...
Course Ethereum may fall substantially after Constantinople. What's the problem?
Over the last month has brought good profit, rising from 104 to 150 dollars in a very short time. The formation of the uptrend, the cryptocurrency is most likely due to the upcoming hardforum , the activation of which will happen ...
When the Bitcoin price will rise up to a million dollars? Exact date from John McAfee
the Founder of McAfee Associates finally announced the date that needs to come true his forecast is for a million dollars. According to John McAfee, «the day» the day is 31 December 2020. By that time, the cryptocurrency...
Cryptocurrency wallet Samsung Galaxy S10 will make industry more than Bakkt and ETFs
the Word «crypto» was not used during the Samsung Galaxy S10 in San Francisco a few days ago. Instead, the manufacturer has focused on Knox secure storage for private keys of users. However, some visitors to the event ha...
The main developer of Bitcoin Core has opposed changes to the rules of the issue of Bitcoin
the Main Bitcoin Core developer Wladimir van der Laan is not very flattering comments about those who want to violate fundamental principles . We will remind, recently in a Twitter discussion about the potential to increase the ma...
When Ethereum will rise above $ 150? Analyze graphs
Price now takes «short break» after attempts to break the resistance zone of $ 150. Unfortunately, the bulls failed to break this line in one spurt, so in the near future we can expect a rollback value of an asset by a f...
Ethereum community continues to vote for ProgPoW. What will the developers?
For the integration ProgPoW in almost 3 million from supporters of the ETH algorithm. Recall, a new principle of extraction of Ethereum should once and for all end the benefits of ASIC mining in the network of cryptocurrency. Acco...
Bitcoin goes to a new record for the number of transactions. Waiting for bullrun?
the number of transactions moving towards a new peak, which was not December 2017. All this is happening despite the bearish trend in length in 14 months. In addition to the increase in the number of transactions in the Bitcoin ne...
Comments (0)
This article has no comment, be the first!