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Bitcoin Reached Its Bottom as Crypto Funds Beat Hedge Funds, Says Digital Currency Investor

(CNBC) Bitcoin should return to peak levels in the next couple of weeks and will continue growing from there, said digital currency investor Dan Morehead. “There’s such an institutional appetite to get exposure to this,” said Morehead, who is founder and CEO of Pantera Capital, a hedge fund and investment firm that works exclusively in cryptocurrency and blockchain technology. “It’s a half-a-trillion-dollar asset class that nobody owns. That’s a pretty wild circumstance.” “And bitcoin is still so underowned by institutional investors that it trades at its own beat,” he told CNBC’s “Fast Money” on Thursday.

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