Pantera Capital, which has pioneered investments in cryptocurrency assets, has set its goal for its third venture fund at $175 million, surpassing the $25 million raised for its second fund and the $13 million from its first one, according to TechCrunch. Continue reading Pantera Capital Seeks $175 Million For Third Venture Fund
With so much momentum affecting the Bitcoin price last week, it has become rather evident the year 2018 is anything but positive so far. With all prices crashing hard in the first six weeks of the new year, people are growing concerned about the future of cryptocurrencies. Even though such negative trends are rather common in the world of Bitcoin, this recent dip is quite spectacular. Percentage-wise, it’s not the worst in history, but the value dropping from US$20,000 to US$6,500 was quite scary for novice holders. According to Pantera Capital, it’s only a matter of time until the market turns around again. More specifically, they predict the Bitcoin price will see some major bullish momentum in the next two weeks. They initiated a 71-day countdown when the Bitcoin price started slipping. They’ve calculated that Bitcoin has lost 64% of its value since reaching its all-time high late last year. It is quite a steep retracement, but one that was bound to happen sooner or later.