Pantera Capital CEO: cryptocurrencies are now very cheap

The greatest time to buy cryptocurrency is right now, as implied by the chief executive of Pantera Capital recently interviewed on CNBC. Dan Morehead tells that the prices we are witnessing right now are now the absolute minimum of several months.

As a reminder, the cryptocurrency market has been in decline since its impressive rise of December 2017. The situation has turned out to be an absolute fiasco for those who borrowed money and bought at big values. Pantera Capital, on the other hand, remains optimistic. It has recently published a notice for investors in which it tells that BTC’s $6,500 was the bottom price, the position went largely unchanged since then.

Other cryptocurrency observers note that the market is yet to experience a massive shock: one of them is the head of futures and options department at Market Securities Dubai. Paul Day believes that Bitcoin may easily meet the end of the year costing only $2,800.

Regardless of the fate of Bitcoin, technologies offered by some of its rivals may potentially be even more attractive for the fiat market investors than the creation of Satoshi Nakamoto.

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