Pantera Capital Warns Investors Will Flee Stocks, Bonds and Real Estate This Year, Predicts Massive Crypto Rally Incoming

The head of a major American hedge fund thinks the crashes and pumps of Bitcoin (BTC) will be less volatile going forward.

In a new blog post, Pantera Capital CEO Dan Morehead says more institutional ownership of BTC and a higher Bitcoin market value will moderate the top crypto asset’s price swings.

“While weve had two -80% bear markets already, I believe those are a thing of our primordial past. Future bear markets will be shallower. The previous two have been -61% and -54%.

Unfortunately, theres no free lunch. The flipside is we probably wont see the 100x rallies anymore either.”

Morehead argues that the current bear market is finished and Bitcoin has moved on to a new rally cycle.

“The next 6-12 months are likely to see a massive rally as investors flee stock, bond, and real estate markets for blockchain.”

The CEO also notes that BTC in early April was 56% below the 11-year exponential growth trend, which he says is a “rare” level of cheapness for the Bitcoin market.

Source: Pantera Capital

Bitcoin is trading at $41,341 at time of writing. BTC is up more than 4% in the past 24 hours but down more than 4% from where it was priced a week ago.

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