Taurus Comment from Pantera Capital: This Crypto Asset Is Our Favorite!

Crypto product focused investment firm Pantera CapitalHe thinks that Bitcoin price has seen bottoms. The firm is of the opinion that the next bull cycle is happening. Dan Morehead noted: “Long-term, the Bitcoin price has been in a secular uptrend at an annual average of 2.3 times over the past twelve years.”

Pantera Capital Is In The Next Bull Market

Koinfinans.com As we reported, Pantera Capital released its February “Blockchain Letter” last week. The letter, titled “The Seventh Bull Cycle,” was penned by founder Dan Morehead and investment partners Ryan Barney and Sehaj Singh. Pantera Capital is an investment firm specializing in cryptocurrencies, digital assets and blockchain technology. For this reason, the company’s comments are closely followed by the community.

Blockchain assets bitcoinI believe we are seeing the lowest levels using .

The comment, “This will be the seventh bull cycle after six bear cycles,” drew attention in the article. Morehead explained in his letter that Pantera has gone through a 10-year Bitcoin cycle and he himself has been trading in similar 35-year cycles.

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The founder believes that the drop in BTC price from November 2021 to November 2022 was the “median of the typical cycle”.

“This is the only bear market that has done more than completely wipe out the previous bull market. In this case, 136% of the previous rally was given back.”

pantera capital bitcoin price prediction

The median decline lasted 307 days and the previous bear market was 376 days. The median drop was -73%, and the last bear market ended at -77%. I think we’ve left that behind and we’re starting to rise.

In the long run, the Bitcoin price has been in a secular uptrend at an annual average of 2.3 times over the past twelve years.

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