Dan Morhad, Venture Capital Director General of Pantera Capital, said that at the current bear market, the $ 6,500 mark is extremely low, below which the bitcoins price is unlikely to decline by the end of this year.
In the April dispatch dispatched, Morhed noted the high probability that bitcoin will grow and even overcome the December maximum at around $ 20,000.
“I rarely say with certainty about the timing of anything. A wave of institutional money will raise the markets to a much higher level, “he stressed.
Thus, the head of Pantera Capital is optimistic about medium-term and long-term prospects of price growth for the first crypto currency.