The long -term Bitcoin (BTC) potential remains largely unexploited, according to Dan Morehead, founder and CEO of Pantera Capital, which took the main scene of the 2025 consensus on Wednesday in Toronto.
“A few decades ago to spend disproportionate feedback in Bitcoin,” Morehead told the public, stressing the conviction in the Pantera in the asset class.
Morehead gave a rare look at Pantera’s performance measures, noting that the company has made a profit on 86% of its portfolio companies. Pantera also invested in 22 startups which continued to reach the status of “unicorn” with evaluations exceeding $ 1 billion.
To seize opportunities in a rapidly evolving landscape, Morehead recommended to investors adopt a wide approach. “We advise to invest in a wide range of tokens and equity,” he said.
On the same consensus panel, Dan Tandiero, founder and CEO of 10T and 1RT, shared a view that gives to think about the flow of transactions and evaluations.
“In this space, the founders think that they should raise capital to 50 to 70 times income,” said Taken, qualifying the expectations of “unrealistic”.
Tapiero said his company had adopted around 200 investment opportunities in recent years, including certain companies they really liked. “We automatically transmitted many of these offers because the price was simply too high,” he noted.
Among those they refused? FTX, Celsius and Blockfi, all three collapsed in the middle of scandals and market disorders.
Morehead also addressed the increasingly international nature of cryptographic activity. “Eighty percent of crypto exchanges and protocols are based outside the United States-which is not fair,” he said. He blamed the regulatory inertia of the exodus but expressed his optimism on the fact that the change is in progress.
“Electoral victory was a huge release,” said Morehead, referring to recent American political changes. “We come back to what should have been, the last 6 to 8 years have been a strange anomaly.” He hopes that the coming years will see capital and innovation flowing in the American cryptography sector.
Find out more: ‘$ 500,000 Bitcoin was going to seal it’: Scaramucci says that the crypto is about to become an asset class
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