Pantera CEO: Crypto market 'panic' is subsiding, now's the time to buy
Cointelegraph
Published Jun 16, 2021 10:18PM ET
Updated Jun 17, 2021 12:00AM ET
The chief executive of Pantera Capital, Dan Morehead, is confident that the big crypto selloff is slowing because he thinks “we’ve seen the most of this panic”.
In the monthly newsletter published on June 14, the venture capitalist stated that the best time to buy is when markets are “well below trend”. A Bitcoin trend deviation chart backed up this claim as it showed that the asset has only been this “cheap” relative to its trend for a fifth of its lifecycle.
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Written By: Cointelegraph
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