Shepherd of the fund Pantera Capital Dan Morehead believes that within the next 18-24 months, the cryptocurrency market will enter a bullish phase. Conditions for the growth of bitcoin value will be created by the activation of investors in the stock markets.
Business activity indicators in the US and eurozone have been rising since the beginning of 2024. Morehead does not exclude that the result of the new run will be the achievement of record values for BTC and altcoins.
The halving, which will take place at the end of April, will increase the attractiveness of the market for large capital. The increased institutional demand for bitcoin has been previously stated by many experts and financiers, including Mike Novogratz.
Regulation of the cryptosphere will also be one of the factors that will contribute to the improvement of the cryptocurrency market environment, emphasized the founder of Pantera Capital.