{"id":44614,"date":"2021-06-19T10:04:26","date_gmt":"2021-06-19T07:04:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44614"},"modified":"2025-08-31T17:45:36","modified_gmt":"2025-08-31T14:45:36","slug":"pantera-capital-chief-now-is-a-good-time-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/pantera-capital-chief-now-is-a-good-time-to-buy-bitcoin\/","title":{"rendered":"Pantera Capital chief: now is a good time to buy Bitcoin"},"content":{"rendered":"<p>Bitcoin has been cheaper relative to its trend than at any other time in 20.3% of its history. Now is an excellent time to buy Bitcoin, says Pantera Capital&#8217;s cryptocurrency hedge fund founder Dan Morehead.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">For new investors, it\u2019s best to buy when the market is well below trend. Now is one of those times.<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> has only been this \u201ccheap\u201d relative to its trend 20.3% of the past 11 years.<\/p>\n<p>More perspectives on market timing in our June investor letter: <a href=\"https:\/\/t.co\/AOvhFyxBJh\">https:\/\/t.co\/AOvhFyxBJh<\/a> <a href=\"https:\/\/t.co\/2bsxbw5Iay\">pic.twitter.com\/2bsxbw5Iay<\/a><\/p>\n<p>\u2014 Dan Morehead (@dan_pantera) <a href=\"https:\/\/twitter.com\/dan_pantera\/status\/1405237122659799044?ref_src=twsrc%5Etfw\">June 16, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In his monthly letter to investors, he reminded readers that assets should be bought below trend.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;It&#8217;s human nature: we want to buy on market strength, when the devil <span data-descr=\"fear of missing out\" class=\"old_tooltip\">FOMO<\/span> whispers in our ear,&#8221; explained Morehead.<\/p>\n<\/blockquote>\n<p>According to the Pantera Capital chief, the significant Bitcoin rally over the past year does not imply the asset is overvalued.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Year-over-year profits have never exceeded the chart during previous bull cycles. Currently, the annual return stands at 281% and looks quite reasonable given the cash printed during this period,&#8221; noted Morehead.<\/p>\n<\/blockquote>\n<p>Earlier in January, the head of Pantera Capital <a href=\"https:\/\/u1f987.com\/en\/news\/pantera-capital-ceo-bitcoin-to-reach-115000-in-eight-months\">predicted Bitcoin&#8217;s price to rise to $115,000<\/a> by August.<\/p>\n<p>In late May, television host and founder of Heisenberg Capital Max Keiser <a href=\"https:\/\/u1f987.com\/en\/news\/max-keiser-predicts-bitcoin-to-reach-220000\">predicted Bitcoin to reach $220,000<\/a> in the second half of 2021.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has been cheaper relative to its trend than at any other time in 20.3% of its history. Now is an excellent time to buy Bitcoin, according to Pantera Capital founder Dan Morehead.<\/p>\n","protected":false},"author":1,"featured_media":44615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,1296],"class_list":["post-44614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-pantera-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44614"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44614\/revisions"}],"predecessor-version":[{"id":44616,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44614\/revisions\/44616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44615"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}