Pantera Capital: Today is the right day to buy bitcoin

The founder of the investment company believes that in the near future there will not be a better opportunity to get a cryptocurrency, since now it costs very little.

Bitcoin could already reach its minimum for the current year, so the best opportunity for its purchase is right now, says founder of the American investment company Pantera Capital Dan Morehead, in an interview with CNBC, he said that after buying a cryptocurrency, it’s worth to keep it for a while.

“All cryptocurrencies cost very little. Now it’s much cheaper to buy them, then to participate in the growth stage … without even thinking about it, you earn an average of 239%. With bitcoin, this happened about five times in the last 6 years. This is the whole point of the transaction: it rarely costs so cheap for its long-term average. So today is the right day to buy” – says Morehead.

The upcoming arrival of investment funds and other major players on the market should also persuade investors to buy bitcoin as soon as possible, says the founder of Pantera Capital. He is sure that at the moment there are not enough solutions that can meet their needs for liquidity and security of assets.

“Many institutions buy on the rumor and sell in fact. Invest now, because in 3, 4 or 5 months, when there are qualitatively regulated solutions for keeping on the institutional level, which we are told, they will already have positions” – the expert said.

bitcoinsMorehead added that soon there will be a service for storing digital money, which was approved by the Securities and Exchange Commission of the United States. In April, the founder of Pantera Capital said that bitcoin “is shouting about buying”, since now the total capitalization of the cryptocurrency market is much lower than the fundamental cost of the blockchain, which could grow to $ 4 trillion and even $ 40 trillion. Source: rbc.ru

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