{"id":8226,"date":"2022-09-08T12:06:57","date_gmt":"2022-09-08T12:06:57","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/08\/dan-morehead-believes-that-bitcoins-next-bull-market-is-on-its-way\/"},"modified":"2022-09-08T12:06:58","modified_gmt":"2022-09-08T12:06:58","slug":"dan-morehead-believes-that-bitcoins-next-bull-market-is-on-its-way","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/08\/dan-morehead-believes-that-bitcoins-next-bull-market-is-on-its-way\/","title":{"rendered":"Dan Morehead believes that Bitcoin\u2019s next bull market is on its way"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p dir=\"ltr\"><strong>The cryptocurrency market is experiencing a bear cycle in the intervening time, however Pantera Capital\u2019s CEO is assured that the next bull market is on its way.<\/strong><\/p>\n<p dir=\"ltr\">Dan Morehead, Chief Executive Officer of Pantera Capital, believes that the bear market is coming to an finish. He made this recognized throughout an <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2022-09-06\/crypto-s-buying-power-simply-isn-t-there-etoro\" rel=\"noopener noreferrer\" target=\"_blank\"><u>interview with Bloomberg<\/u><\/a> earlier this week.<\/p>\n<p dir=\"ltr\">According to Morehead, the next Bitcoin bull market is on its way. He informed Bloomberg that;<\/p>\n<p dir=\"ltr\"><em>\u201cWe\u2019ve been through three big bear market cycles. I actually think we hit the lows in June, and we are on to the next bull market. It might be rocky and might take a while, but I think we are on to the next leg of a rally.\u201d<\/em><\/p>\n<p dir=\"ltr\">He identified that the ups and downs within the cryptocurrency area are regular and have occurred a number of instances over the past decade, together with the decline in 2018 and the consecutive market increase within the next few years.<\/p>\n<p dir=\"ltr\">Discussing Bitcoin\u2019s future value, the Pantera Capital boss predicted that the main cryptocurrency would proceed rising by roughly 2.5x per 12 months.<\/p>\n<p dir=\"ltr\">However, Morehead believes that the cryptocurrency market has modified in current instances and doesn\u2019t revolve round Bitcoin and Ether anymore.\u00a0<\/p>\n<p dir=\"ltr\">He identified that quite a few different significant initiatives may develop in a lot sooner temps that Bitcoin over the approaching years. He mentioned;<\/p>\n<p dir=\"ltr\"><em>\u201cBitcoin is no longer everything. There was a time bitcoin was 100% of the market, and for a while, Bitcoin and Ethereum were essentially everything. Now there are many, many really important projects, and you\u2019ve seen bitcoin rally a bit, but the real story is projects other than Bitcoin and Ethereum that rally more.\u201d<\/em><\/p>\n<p dir=\"ltr\">While Morehead believes that the bull market is close to, Coinbase CEO Brian Armstrong believes that the bear market can be round for an additional 12 months or so. He mentioned;<\/p>\n<p dir=\"ltr\"><em>\u201cWe all hope it\u2019ll be, you know, 12 to 18 months and a nice recovery, but you obviously have to plan for it being longer than that. And so that\u2019s how we think about it. And we don\u2019t try to get too cute about predicting the future.\u201d<\/em><\/p>\n<p dir=\"ltr\">Prices of most cryptocurrencies are down by greater than 65% from their all-time highs, with the overall market cap now under $1 trillion.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoins-next-bull-market-is-on-its-way-says-pantera-capitals-ceo\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The cryptocurrency market is experiencing a bear cycle in the intervening time, however Pantera Capital\u2019s CEO is assured that the next bull market is on its way. Dan Morehead, Chief Executive Officer of Pantera Capital, believes that the bear market is coming to an finish. He made this recognized throughout an interview with Bloomberg [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[234,554,32,4102,41,4103],"class_list":["post-8226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-believes","tag-bitcoins","tag-bull","tag-dan","tag-market","tag-morehead","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/8226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=8226"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/8226\/revisions"}],"predecessor-version":[{"id":8227,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/8226\/revisions\/8227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/8228"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=8226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=8226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=8226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}