The head of Pantera Capital is one of the PlanBists who believe in 1 Bitcoin (BTC) per 100,000 USD. The company will continue raising funds very soon. Although no details have been released about Pantera’s plans, Dan Morehead’s speeches provide some clues as to what the company should do.
Round 4 for Pantera
Panther Capital will raise funds soon. The company made a deposit with SEC to offer shares up to $ 134 million.
Created in 2013, Panther Capital is one of the first funds dedicated to Bitcoin. The company had a first fundraiser of $ 13 million and then a second of $ 25 million.
In 2018, the 3rd fundraiser resulted in the creation of Investment Fund III which attracted $ 164 million between 2018 and 2020.
As the cryptocurrency market enters a new bullish phase, this deposit with SEC is an indicator of the ambitions of Panther.
Speech and clues
There are still no details on the company’s detailed plans: this capital raising could result in the creation of a new fund or the extension of the Venture Fund III range.
The latest comments from the executives of Panther may contain information on company development strategies.
On CEO of Pantera Capital, Dan Morehead, said that the growth potential of DeFi is greater than that of Bitcoin.
However, some recall the particularly optimistic predictions of Morehead during the Bitcoin.
In 2019, he indicated that it could reach $ 356,000 by 2022. Morehead noted that the company is focusing its efforts on vertical financial development.
Panther Finally she seems to be interested in cryptocurrency derivatives markets, as her investment in the derivatives platform suggests Globe.
A $ 20,000 Bitcoin should encourage dedicated BTC funds to launch development projects. Institutions raise the price of Bitcoin, BTC feeds the institutions: the classic investment cycle, the financial mayonnaise spins and increases to gain volume. Let’s go to the 4th round for Pantera Capital: BTC has started the last round to win a new ATH.
Litecoin, welcome to the silver age