[2018-08-09] Pantera Capital CEO: Investors Should Focus on Bullish News

[ivanpoldark]

Pantera Capital CEO Dan Morehead claimed that crypto markets are reflecting some overreaction from investors recently, in comments to CNBC August 8.

Speaking in an interview on CNBC's “Fast Money,” Morehead suggested that investors have exaggerated the importance of the U.S. Securities and Exchange Commission (SEC) recent delay on their decision regarding a Bitcoin (BTC) Exchange-Traded Fund (ETF).

As per Morehead, crypto investors should instead focus on more bullish events in the market, such as the announcement of upcoming cryptocurrency project Bakkt by the Intercontinental Exchange (ICE). The ICE, which operates 23 large global exchanges including New York Stock Exchange (NYSE), is set to launch a global ecosystem for digital assets alongside Microsoft and Starbucks.

Morehead stressed that Bakkt is “huge news,” arguing that the upcoming project will have a “very profound impact over the next five or 10 years for the markets.”

Read more: https://cointelegraph.com/news/pantera-capital-ceo-investors-overreacting-to-etf-delay-should-focus-on-bullish-news

[Slow death]

It is disappointing to see what is happening in the crypto market, just to summarize a bit:

Bitcoin: $6 150

Ethereum: $332

NEO: $19

Litecoin: $59

months ago, ETH was in the $1000, Neo was in the $120, Litecoin was in the over $100 and see what is happening with the market, makes me very bad. people are selling their altcoins to buy bitcoin and to protect themselves from losses they are probably converting their bitcoins to USD or USDT and all because of ETF.

[gentlemand]

Short term investors would be very stupid to focus on bullish news. They should know by now it basically has no effect on anything. They should be focusing on the trends and nothing but.

and all because of ETF.

So nothing to do with that outrageously overheated bubble where non existent site was pushed up into the billions?