Hedge Fund Pantera Capital Identifies Three Significant Catalysts That May Propel Crypto into a Bull Market
Pantera Capital, the digital assets-focused investment firm, anticipates three significant catalysts that could ignite the next crypto bull run.
Portfolio manager Cosmo Jiang points to the potential approval of a spot Bitcoin exchange-traded fund (ETF) as a key catalyst, citing BlackRock’s application as a notable indicator of crypto’s legitimacy as an asset class. Jiang believes that an ETF could rapidly expand access to and demand for crypto assets. Another catalyst is an improved regulatory environment, evidenced by recent legal victories against the U.S. SEC by Ripple and Grayscale, which could provide the necessary framework for innovation.
Lastly, Pantera highlights the scaling capabilities of blockchain, exemplified by Ethereum layer-2 solutions like Arbitrum and Optimism, which promise increased transaction speed and lower costs, opening the door to a wide array of new use cases in the crypto space.
Clever Robot News Desk 26th September 2023
