Pantera Capital Founder and CEO Dan Morehead believes that the current crisis “is like no other” and it can “have a larger global economic impact than any downturn in recent memory.” However, Morehead believes that after the initial days of correlation with the general markets, cryptocurrencies will start to trade independently. He expects the institutional investors to gradually enter the space and make big allocations to crypto that can carry Bitcoin to a new high “in the next twelve months.”
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Source: Cryptocurrency - investing.com
