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 CNBC interview, Dan Morehead says he thinks Bitcoin and crypto still have more room for upside this cycle.
Morehead notes that his company has amassed positions in three altcoins, including the layer-1 protocol Solana (SOL).
“The nice thing about crypto is that we’ve been doing this for eleven years, and Bitcoin has just more than doubled this year…
On average, this has happened for eleven years in a row. So it’s not surprising that cryptocurrencies are up double. Normally we are long because the markets are still going to make a huge increase, possibly another order of magnitude.
Normally we are tall. We always just look at what other tokens are interesting. We have a large position in TON, Telegram’s token, Solana, ONDO. That’s some of us.”
In May this year, Morehead revealed that Toncoin (TON) is Pantera Capital’s “largest investment ever.” According to Morehead, TON is uniquely positioned to leverage Telegram’s 900 million monthly active users.
“99.999% of blockchain projects are a technical idea that tries to create a community – from scratch. According to CoinMarketCap, there are more than 23,000 cryptocurrencies. That is a difficult road for most.
Telegram is a community that integrates blockchain technology. That 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 aimed at tokenizing real-world assets (RWA).
At the time of writing, ONDO is trading at $1.85.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney
Credit : dailyhodl.com
