Crypto Likely To Rally in Coming Months As Traditional Assets Fall, Says CEO of $5,100,000,000 Hedge Fund

0

Pantera Capital CEO Dan Morehead believes crypto assets will diverge from traditional assets such as stocks, bonds and real estate.

In a CNBC interview, the crypto hedge fund CEO says the prices of digital assets will likely be going up in a year as interest rate hikes cause traditional assets to trend downwards.

“One of our central views is that although obviously, interest rates have to impact bonds mathematically and they almost have to impact stocks and then other things like real estate will certainly be targets of the Feds [Federal Reserve Bank], there are some asset classes like cryptocurrencies that should be uncorrelated or disconnected from the interest rate markets.

Although it hasn’t happened yet, crypto has been very correlated with risk assets, I can easily see a world, in say a year when stocks and bonds are down, real estate is down but crypto is rallying and trading on its own. Very much like gold does. Or soft commodities like corn, and soybeans. All doing very well. So that’s the world that I think we will see.”

Morehead says the fundamentals of crypto assets are still appealing from an investor’s perspective.

“The fundamentals in crypto are still very positive. Obviously, we had a huge bull market, now a huge bear market. But I have been through five of those so far and for ten years we have been investing in crypto. So it’s not unprecedented, we’ve seen it a lot.”

Pantera Capital currently boasts $5.1 billion in assets under management.

I

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Check Latest News Headlines

 

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/AlexRoz/Tin Store


Credit: Source link

Leave A Reply

Your email address will not be published.