Pantera Capital Moves From Bitcoin and Ethereum to Altcoins: Rally Expected?

When crypto investment company Pantera Capital announced that it is turning to altcoins again after a long break, “is it expected to rally?” brought the question.

Pantera Capital’s Liquid Token Fundfor the first time in approximately 9 months From Bitcoin (BTC) and Ethereum (ETH) back to altcoins. Last year to avoid further falls Announcing that it has switched from altcoins to Bitcoin and Ethereum, the company shared a video, which included the status report for the past year and the plans for 2023.

According to the data released, Pantera’s Liquid Token Fund lost 80% in 2022. On the other hand, during the “mini bull” process in January, the loss of 40%The company that managed to get back more than risk appetite decided to increase.

Many crypto commentators interpreted this decision as “Pantera Capital is waiting for a rally”.

Company’s Investment Officer Joey Krug for risk assets last year. “a brutal year” He also included his future expectations:

I think lately we’ve been starting to get back to some alts that we think will outperform Ethereum in the next cycle.

Although it is not clearly detailed which tokens are invested in the investment plans offered by Pantera, in the lists they share, Uniswap (UNI), Maker (MKR), Curve (CRV), Chainlink (LINK) Decentralized finance (DeFi) based applications were mentioned.

In the shared video, Krug stated that users experienced a great loss of confidence in central finance products last year, and claimed that interest in decentralized structures may increase in the next season.

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