Bitcoin has to return to its peak levels in the next few weeks and will continue to grow, says Dan Morehead, CEO of Pantera Capital investment company and chairman of Bitstamp.

The bear markets have an average 71-day period, he explained, he has been running at bitcoin for 52 days already.

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“It seems like a couple more weeks, and everything will be fine, bitcoin may start to grow,” Dan Morehead said.

Pantera Capital was founded in 2003. In 2013, she launched her first crypto currency hedge fund. In December 2017, the Fund sent a letter to investors with a notification that the profit from activities for the year amounted to 2,5004%.

“We, of course, know that this is a very speculative market. It is volatile both upward and downward, “said former Goldman Sachs trader.

However, institutional investors have an appetite for this half-trillion-dollar asset class, which nobody owns, Dan Morehead said.

Earlier, the crypto-currency investor and founder of ONchain Capital Ran Neu Ner (Ran Neu Ner) said that bitcoin this year could return to the level of $ 20 thousand.

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