Why Pantera Capital’s Picks Could Dominate the 2025 Market

Pantera Capital’s founder and managing partner, Dan Morehead, is bullish on the future of cryptocurrency. He predicts the market could see another “huge” surge in 2025.

Morehead believes Bitcoin and other cryptocurrencies will see big gains. He sees the potential for another “order of magnitude” increase in value as the market grows.

Speaking on the current state of crypto on CNBC, Morehead explained that while Bitcoin’s impressive growth this year — more than doubling in value — may seem remarkable, it’s actually a pattern that has persisted for 11 years. “Bitcoin going up double is not remarkable,” he said, highlighting the long-term growth trend of the premier asset.

Pantera Capital Big Position in TON, SOL, ONDO

Pantera Capital, one of the leading institutional investors in the crypto space, is taking advantage of this growth. Morehead said the firm has big positions in a few key cryptocurrencies that he believes will be important in the next phase of the market. These include TON (Telegram’s token), Solana (SOL), and Ondo Finance (ONDO).

With institutional interest in the space growing, Morehead remains confident that as regulatory clarity improves over the next few years, large financial institutions, insurance companies, pension plans, and endowments will increase their exposure to blockchain technologies. He believes this will further drive the value of crypto assets, especially as more institutions recognize them as a viable new asset class.

Morehead also talked about the potential for the U.S. to lead in crypto adoption by getting Bitcoin as part of its official reserves. With the U.S. already holding 1% of the world’s Bitcoin, he said the country could improve its strategic position by getting more, making Bitcoin a form of “digital gold.”