#Bitcoin Price Cycles
After a 1067-day bull market, a downdraft which is spot on previous bear markets in depth, retracement.
My old friends in the hedge fund space would love the Fibonacci 0.618 bounce.
If I were a betting man, I’d say we’ve seen the lows of this cycle. pic.twitter.com/KIO80OFJtk
— Dan Morehead (@dan_pantera) February 7, 2018
Bitcoin reached its bottom as crypto funds beat hedge funds, says digital currency investor
“There’s such an institutional appetite to get exposure” to cryptocurrency and crypto hedge funds, says Pantera Capital CEO Dan Morehead.
Returns on Pantera’s cryptocurrency hedge fund are 22,000 percent since its inception in 2013.
Bitcoin should surge in the next couple of weeks, Morehead says.