Hedge Fund Report – Bitcoin Price is “at a Relatively Inexpensive Place”
With the recent and current turmoil around the globe, Bitcoin is at $35600 – and that is very inexpensive considering it will blast way beyond that in the not-so-distant future and per Pantera Capital’s Dan Moorehead, only a few weeks or so before we see a major rally upward
Hedge fund report says Bitcoin price is ‘at a relatively inexpensive place’
“’Once people do have a little bit of time to think this through, they’re going to realize that if you look at all the different asset classes, blockchain is the best relative asset class in a rising rate environment.’
When it comes to a timeline to recovery, Morehead suggested that the turnaround could come sooner than many expect and only be a matter of ‘weeks or a couple of months until we’re rallying very strongly.’
Morehead said,
‘We are quite bullish on the market, and we think prices are at a relatively inexpensive place.’”
