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Bitcoin [BTC] – Dan Morehead says now is the best time to buy

Sarah Rodrigues

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Bitcoin [BTC]- Dan Morehead says now is the best time to buy
Image Source: pxhere.

In a recent interview with CNBC’S Fast Money yesterday, Dan Morehead, CEO of Pantera says that the best time to buy Bitcoin [BTC] is now. Pantera Capital has seen Bitcoin as a valuable investment and made a fortune out of BTC.

During the interview, Dan was asked about the institutional investors entering the space as a big catalyst and the way for them to invest.

The CEO said:

“I think there’s an image that there’s an On/Off switch. It’s Off now and they will flick it and the institutions will pile in. We have had institutional investors since 2013 and its a process. Obviously, risk and reward go together. A couple of years ago, there was a lot of risks but there was a lot of rewards.”

He further added:

“We have yet to get to the point. where we have an S.E.C custodian, but institutions are buying the rumour and selling the fact, -getting invested now so that in 3, 4, 5 months when the institutional quality regulated custodian that we are hearing about come on line, they will already have their positions.”

Pantera Capital Management is a firm and an investment hedge fund with concentrates mainly on tokens, projects, ventures related to the technology of blockchain, digital currency and digital assets. The company holds $1 billion in the market of cryptocurrencies.

When the CEO was asked whether he was active in trading around Bitcoin position and where does he see value in terms of the price level.

He said:

“In our view, all cryptocurrencies are very cheap right now, they are down, 65% from their highs. At the highs, everybody wants to get invested. It’s much cheaper to buy now and participate in the rally and goes, and there is a good technical indicator that we look at when the currency breaks through. Its 200-day moving average, if you buy that day and sell a year later, you make an average of 239%. It is a very simple strategy.”

Dan Morehead, runs one of the world’s largest crypto hedge funds. He is also the former head and CEO of Macro Trading at Tiger Management. He recently foretold that Bitcoin will be worth 10 or 100 times more of what it worths at the present.

AlphaSeeker, a Twitter user commented:

“Because he needs an exit….His fund is down over 50% in the last few weeks and he needs YOU to come in and BUY”

Robin Dirickx replied:



“His fund is averaging 25000% profit at the moment.”

Charles Thomas commented:

“Hilarious 🤣 but keep the fraud alive by constantly promoting it.”

traderblast commented:

“You asked ZERO hard questions of this guy. ZERO. #trading #cryptocurrency #fintech”





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Sarah Rodrigues is an intern at AMBCrypto. She is pursuing her English lit, Psychology and Journalism at St. Joseph's College. She researches extensively and writes about Cryptocurrency and Artificial Intelligence. Sarah currently does not hold any value in cryptocurrency.

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Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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