CEO Pantera Capital Talked About Crypto Winter

Everyone is talking about the crypto winter lately. We’re in a bear market and the prices are dropping, but despite that, there are still strong potential for the future of blockchain, crypto, and bitcoin.

Dan Morehead, the CEO of bitcoin investment firm Pantera Capital, says everyone needs to chill out about the current Crypto Winter. Morehead wants to remind everyone that the crypto industry had weathered similar bear markets before, and this one actually bodes well for the future of bitcoin and blockchain. In other words, he feels that the crypto winter is a good sign that things are becoming stable.

He stated:
?Today, the underlying fundamentals are much, much stronger than they were in the 2014–15 crypto winter,” Pantera CEO Dan Morehead explains. He cites the “impending institutional wave of money coming into the markets” as the main reason for this, adding that the launch of Bakkt, Fidelity’s crypto division, and ErisX will play a large role in driving institutional involvement.?

Morehead believes that institutional investments will eventually come. However, he conceded that the current price slump is deterring them from pulling the trigger. Morehead says it will take big-name, institutional-grade custodians to lure institutional money into the market. However, he noted that this is already happening, with ICE’s Bakkt and Fidelity making big moves into the space.