Pantera Capital: do not need to worry about the ETF market is still in the beginning

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Chapter cryptocurrency hedge Fund Dan Marched sure that investors should focus on long-term prospects of digital money, and not be distracted by minor events

It will take a lot of time before bitcoin ETF is approved, says the head of the cryptocurrency hedge Fund Pantera Capital Dan Marched. He urged to stay calm after the postponement of the decision of the Commission on securities and stock exchanges of the USA.

“The last asset, which was approved by the ETF, was copper, and she has appeared on the earth 10,000 years ago,” said the investor in an interview with CNBC.

He added that the first cryptocurrency is under development, but its price can already be tracked in real time, this is a unique feature. But people are too worried about price movements and overreacting, I’m sure Marched.

Much more important is preparing for the launch of the platform Bakkt, which is the operator of the new York stock exchange, he said. Such things will influence the market in the next 5-10 years, so you need to concentrate on them. Head Pantera Capital said that even if bitcoin and trading at $6300, he was still 82% higher than a year ago.

More opinions from experts from the world of digital money you will find in our telegram channel RBC-Crypto.

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