![]() ![]() The company said the fund gained 60 percent in November and December, and more than 12,000 percent in four years. In 2013, Pantera launched its first cryptocurrency fund. In 2003, Morehead founded Pantera Capital, an institutional investment firm focused exclusively on digital currencies and related companies. ![]() Morehead, who began his career at Goldman Sachs as a mortgage-backed security trader, characterized bitcoin and other digital currencies as "digital gold." He also worked as head of macro trading and CFO at Tiger Management, the hedge fund founded by investing legend Jul ian Robertson. The Bank of England has said that bitcoin could be worthless and people investing in the digital currency should be prepared to lose everything. where it was a month ago," Morehead said on CNBC's "Squawk Box." But in a year, "it'll be much higher than it is today." "And there's going to be some ups and there's going to be some downs, but we're still really early."īlockchain, the technology underlying bitcoin and other digital currencies, is an anonymous, decentralized public log that records all transactions.īitcoin could be "down 50 percent next week. A veteran of the exchange-traded fund market and an indexing expert, Nadig told CNBC’s Bob Pisani that a bitcoin ETF was not imminent but remained a strong possibility for 2019. 7.9K views, 49 likes, 2 loves, 21 comments, 53 shares, Facebook Watch Videos from CNBC: The FBI is warning of an imminent cybercrime threat to U.S. ![]() At time of writing, bitcoin was trading at US29,500 (A41,500). "For the big blockchains like bitcoin, ethereum and ripple, we're in the first innings of a multidecade thing," said Morehead, who bought bitcoin when it was at just $72. By CCN: A bitcoin ETF does not wait on the immediate horizon, according to the managing director of ETF.com, Dave Nadig. One blockchain expert has warned that the world’s top-ranked cryptocurrency, bitcoin, is set to drop down to just US8000 (A11,000) in value. As every other analyst and expert, Brian Kelly too believes that Bitcoins connection with that of Nasdaq is almost near 60 whereas Ethereums is 70 seen. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit For instance, Scott Minerd, the chief investment officer of the multi-billion dollar investment firm Guggenheim Partners, told CNBC on Friday that he expects Bitcoin to fall to 15,000. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |