The long -term potential of Bitcoin (BTC) remains without exploiting, according to Dan Morehead, founder and CEO of Panther Capital, who took the main stage in consensus 2025 in Toronto on Wednesday.
“There are a couple more for decades for returns surpassed in Bitcoin,” Morehead told the audience, underlining the continuous sentence of Panther in the asset class.
Morehead offered a rare look at Panther’s performance metrics, noting that the company has obtained profits in 86% of its portfolio companies. Pantera has also invested in 22 new companies that have achieved the state of “unicorn” with valuations greater than $ 1 billion.
To capture opportunities in a rapid evolution landscape, Morehead recommended that investors adopt a wide -based approach. “We advise investing in a broad spectrum of tokens and risk capital,” he said.
In the same panel in the consensus, Dan Tapiero, founder and CEO of 10t and 1rt, shared an alerting vision on the flow of treatment and valuations.
“In this space, the founders think they should raise capital to 50 to 70 times income,” said Tapiero, qualifying “unrealistic” expectations.
Tapiero said his company approved approximately 200 investment opportunities in recent years, including some companies that really liked. “We automatically transmit many of these offers because the price was too high,” he said.
Among those who refused? FTX, Celsius and Blockfi, the three then collapsed in the midst of scandals and market agitation.
Morehead also addressed the increasingly international nature of cryptographic activity. “Ninety percent of cryptography trade and protocols are outside the United States, which is not right,” he said. He blamed the regulatory inertia for the exodus, but expressed the optimism that the change is underway.
“The electoral victory was a huge unlock,” Morehead said, referring to recent US political changes. “We return to what should have been, the last 6 to 8 years were a strange anomaly.” He hopes that the next years will see that capital and innovation flow to the Cryptographic sector of the United States.
Read more: ‘$ 500k Bitcoin would seal it’: Scaramucci says that cryptography is on the cusp of becoming a class of assets
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