The CEO of digital asset-focused investment firm Pantera Capital says his company owns a handful of other cryptocurrencies besides Bitcoin (BTC).
In a new interview with CNBC, Dan Morehead says he thinks Bitcoin and crypto have even more room to grow this cycle.
Morehead notes that his firm has accumulated positions in three altcoins, including layer 1 protocol Solana (SOL).
“The funny thing about crypto is we’ve been doing this for 11 years, and Bitcoin has just more than doubled this year…
On average, he did so for 11 consecutive years. So it is not remarkable that the cryptocurrency is doubling. We are normally long because the markets are still going to rise enormously, perhaps by another order of magnitude.
We are usually long. We’re still just looking to see what other tokens are interesting. We have a significant position in TON, the Telegram token, Solana, ONDO. These are some of ours.
In May this year, Morehead revealed that Toncoin (TON) was the “largest investment ever” by Pantera Capital. According to Morehead, TON is uniquely positioned to take advantage of Telegram’s 900 million monthly active users.
“99.999% of blockchain projects are a technology idea aimed at creating a community – from scratch. According to CoinMarketCap, there are over 23,000 cryptocurrencies. It’s a difficult path for most.
Telegram is a community integrating blockchain technology. It just has to be easier.
At the time of writing, TON is trading at $6.25.
ONDO is the native asset of Ondo Finance, a decentralized exchange protocol focused on the tokenization of real-world assets (RWA).
At the time of writing, ONDO is trading at $1.85.
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