Dan Morehead, CEO of Pantera Capital, shared his thoughts on the tumultuous cryptocurrency market conditions, outlining that Bitcoin has managed to outperform the company’s Digital Asset Fund in May. He also took the opportunity to criticize Warren Buffet’s overly negative position towards digital currencies.
Bitcoin Beats Diversified Cryptocurrency Basket
Pantera Capital is an investment firm focused on blockchain technologies based in San Francisco. Earlier this week, Dan Morehead, the company’s CEO, told Bloomberg that Bitcoin managed to outperform the firm’s Digital Asset Fund.
In May, the first and foremost cryptocurrency was down about 15 percent, compared to the fund’s decline of 26 percent.