A panther named Bitcoin (BTC) – BTC missed its dream date with $100,000 in 2021, and January 2022 is starting in the red for the cryptocurrency approaching $40,000. These negative points for cryptocurrency contrast with the great maneuvers of institutional investors, who continue to bet on Bitcoin in the long run.
Pantera Capital and bitcoin: explosion of the Bitcoin Feeder Fund while waiting for that of the BTC
According to a formal filing with the SEC, the Bitcoin FPantera Capital’s eeder Fund surpassed $63.7 million under management. The 153 investors in this fund can, thanks to the latter, gain exposure to Bitcoin without having to buy it directly and without having to store it. A year ago, the Bitcoin Feeder Fund had “only” $18 million in assets and only had 56 investors.
Pantera is optimistic about bitcoin. Society is one of the people – morals in his case – having wrongly predicts bitcoin over $100,000 in 2021. The analysis released by the company on October 6, 2021 predicted a downside correction that would be of a lesser magnitude for this cycle that began after the May 2020 halving, compared to the correction that followed the ascent to levels near $20,000 in the previous cycle. But the magnitude of the rise following the halving marking the start of the cycle would also be less than that of previous cycles, according to these questionable small predictions.
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Pantera, an appetite for Bitcoin, DeFi and crypto startups
Pantera does not only invest in Bitcoin. The company’s portfolio is also composed other cryptocurrencies and industry startups. Pantera has indeed led numerous financing rounds in 2021 for crypto startups such as Stader Finance, a cryptocurrency staking platform, and Arcade, the NFTs lending platform.
Pantera had led a financing round in 2018 for Audius (AUDIO) which raised $5.5 million. He continued to support the company over the years. Pantera had contributed to Audius’ $3.1 million seed round in July 2020.
2021 has seen increased institutional interest in Bitcoin. Pantera Capital’s Bitcoin Feeder Fund will melt away if 2022 turns out to be the year of the bears ?
Investors who rely on bitcoin’s fundamentals continue to flock to bitcoin in 2022. Are you being impressed by the declines or are you convinced of the cryptocurrency’s long-term upside potential? To easily buy your bitcoins, register on the KuCoin crypto platform today ! (affiliate link)