The price of bitcoin will soon return to previous heights

           Dan Morhad, managing director of the venture capital firm Pantera Capital, said that in the current bear market, the $ 6,500 mark is extremely low, below which the bitcoin price is unlikely to fall by the end of this year. year. This is reported by The Merkle.

In the April dispatch sent, Morhed pointed out the high probability that the bitcoin will grow and even exceed the December peak by around $ 20,000.

"I rarely speak with confidence about the timing of anything, a wave of institutional money will raise markets to a much higher level," he said.

Therefore, the owner of Pantera Capital is optimistic about the medium and long-term prospects for the growth of the price of the first encrypted currency.

Earlier, ForkLog reported that, during the last week, the volume of assets of the Pantera Capital cryptocurrency hedge fund decreased by almost 50%.