The cost of bitcoin grows due to the fact that the coin got rid of the “dirty” reputation and attracted large investors. This in an interview with Bloomberg said the head of the hedge fund Pantera Capital Dan Morhad.
Nevertheless, according to him, bitcoin still has not reached its fair price.
“Of course, we are extremely optimistic about this sphere. We believe that we are much lower, perhaps an order of magnitude or two, of the fundamental fair value of the detachment, an industry that is collectively estimated at $ 400 billion. It can easily grow to $ 4 trillion, and maybe up to $ 40 trillion, “said Morhad , adding that bitcoin continues to “shout about buying.”
Along with this, the head of the hedge fund said that he relies on investments in the South Korean ICON project, not bitcoin.
We note that Pantera Capital controls assets totaling $ 1 billion, 10% of which are placed in the first crypto currency. In March, the hedge fund lost almost half of its funds.
Recall earlier in April, Dan Morehead said that before the end of this year, the price of bitcoin will not fall below $ 6,500 and it has a high probability of overcoming the December maximum in the $ 20,000 area.