Dan Morehead, the CEO of bitcoin investment firm Pantera Capital, says everyone needs to chill out about the current Crypto Winter.
Morehead reminded the myopic industry that the crypto space had weathered similar bear markets before, and this one actually bodes well for the future of bitcoin and blockchain.
While the financial media and impatient investors with day-trading mentalities wring their hands over hourly crypto prices changes, Morehead is not sweating the current downturn. He believes that institutional investments will eventually come. However, he conceded that the current price slump is deterring them from pulling the trigger.