Pantera Capital is looking to raise $1.5 billion for a new blockchain fund

Pantera Capital’s primary goal is to prevent many of these companies from running out of cash and going bankrupt.

The market may be flat, but that doesn’t mean investor interest in crypto and its technology has died down. During this winter, there have been several cases of collections and new projects promoted by major investors. With this, they seek to maintain and increase their position in the crypto industry.

A case is capital panther, the American hedge fund betting big on the crypto world. Now he has announced that he is looking to raise $1.5 billionto start a second fund block chain.

This was announced by its founder Dan Morehead, this Wednesday 27 at an event in Singapore. He also explained that his fund is looking to increase its positions in different companies in the sector that it already owns. Its main purpose is to prevent many of these businesses from running out of cash and going bankrupt.

Pantera Capital and the Crypto Market

For Morehead, the crypto market will recover. For this reason, you have to be well positioned when this happens and continue to offer quality products.

“We want to provide liquidity to people who drop out because we remain very optimistic for the next 10 to 20 years.”

The founder lamented that cryptos are associated with risky assets in the wake of the crisis. At a time, regrets that its price is correlated with other assets, which only diverts the interest of many investors. For the same reason, he hopes that within a few years cryptos will be able to get rid of this nickname.

“Unfortunately, the price of cryptocurrencies has been correlated with risky assets, which I honestly don’t think is true. […] I hope cryptocurrencies will decouple from macro markets soon.

Pantera Capital plans to close the collection in May 2023, in order to continue investing in the industry.

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