Pantera’s Morehead Scores Big Payoff on Bets Beyond Bitcoin

Bloomberg2021-06-23

(Bloomberg) -- Dan Morehead, a veteran Bitcoin investor, is making more money at his hedge fund firm by diversifying beyond the most popular cryptocurrency. “If you’re just long Bitcoin, it’s kind of ...

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Comments

Edina
2021-06-23
Edina
Hmmmm
Tri12244
2021-06-23
Tri12244
Wow
Juniezzzzz
2021-06-23
Juniezzzzz
??
Kylerrrr
2021-06-23
Kylerrrr
Interesting
- Wgatap:
  Like and Comment plEase
beebeeyan
2021-06-23
beebeeyan
amc best
nihaoo
2021-06-23
nihaoo
K

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Morehead’s firm has $3.2 billion under management, according to its website, and launched its first fund in 2013, when Bitcoin was still $65, compared with more than $32,000 on Monday.\nMorehead was joined in the conversation by Mike Novogratz, the founder of Galaxy Digital, who said crypto is a rare investment that’s become truly global and has the potential to overtake some currencies in the next five years.\nNovogratz said that worries about currency debasement will fuel more crypto adoption.\n“There are already 200 currencies on earth, Bitcoin is just number 201,” Morehead said, adding that the U.S. dollar is unlikely to be replaced, but a currency such as the Venezuelan bolivar could be in his lifetime. 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