Dan Morehead reveals Pantera Capital’s crypto holdings and says the company owns Bitcoin and other ‘interesting’ altcoins

The CEO of digital asset-focused funding agency Pantera Capital says his firm owns a handful of different cryptocurrencies moreover Bitcoin (BTC).

In a brand new CNBC interview, Dan Morehead says he thinks Bitcoin and crypto nonetheless have extra room for upside this cycle.

Morehead notes that his firm has amassed positions in three altcoins, together with the layer-1 protocol Solana (SOL).

“The great factor about crypto is that we have been doing this for eleven years, and Bitcoin has simply greater than doubled this 12 months…

On common, this has occurred for eleven years in a row. So it is not shocking that cryptocurrencies are up double. Usually we’re lengthy as a result of the markets are nonetheless going to make an enormous enhance, probably one other order of magnitude.

Usually we’re tall. We all the time simply have a look at what different tokens are attention-grabbing. Now we have a big place in TON, Telegram’s token, Solana, ONDO. That is a few of us.”

In Could this 12 months, Morehead revealed that Toncoin (TON) is Pantera Capital’s “largest funding ever.” In accordance with Morehead, TON is uniquely positioned to leverage Telegram’s 900 million month-to-month energetic customers.

“99.999% of blockchain tasks are a technical concept that tries to create a neighborhood – from scratch. In accordance with CoinMarketCap, there are greater than 23,000 cryptocurrencies. That could be a tough highway for many.

Telegram is a neighborhood that integrates blockchain expertise. That simply needs to be simpler.”

On the time of writing, TON is buying and selling at $6.25.

ONDO is the native asset of Ondo Finance, a decentralized alternate protocol aimed toward tokenizing real-world belongings (RWA).

On the time of writing, ONDO is buying and selling at $1.85.

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