The price of bitcoin is increasing due to the fact that the coin got rid of the “dirty” reputation, and attracted major investors. In an interview with Bloomberg said the head of the cryptocurrency hedge Fund Pantera Capital Dan Marched.
However, according to him, bitcoin has not yet reached their fair price.
“Of course we are extremely optimistic about this sector. We believe that we are much lower, perhaps on the order of two or fundamental fair value of the blockchain industry, which in aggregate is estimated at $400 billion She could easily grow to $4 trillion to $40 trillion”, — said Morgad, adding that bitcoin continues to “shout about”.
Along with this, the head of hedge Fund said that relies on investment in the South Korean project ICON and not in bitcoin.
Note that running Pantera Capital are assets totaling $1 billion, 10% of which is placed in the first cryptocurrency. In March, the hedge Fund lost almost half of their funds.
We will remind, earlier in April, Dan Marched said that before the end of this year bitcoin price falls below $6500 and with high probability will overcome the December high around $20 000.