🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Blockchain and Crypto Have Taken Steps Towards Regulatory Clarity: Pantera

Published 02/23/2024, 02:39 AM
Updated 02/23/2024, 02:45 AM
Blockchain and Crypto Have Taken Steps Towards Regulatory Clarity: Pantera
BTC/USD
-

  • Pantera Capital thinks the worst may be over for the blockchain and cryptocurrency industry.
  • The hedge fund believes the absence of catastrophic events is positive for crypto.
  • According to Pantera, regulatory clarity and Bitcoin halving could spur the next bull market.

Pantera Capital Management, an American hedge fund focused on digital assets, recently published an open letter addressing the state of the blockchain and crypto industry. In the letter titled “The Absence of Bad Things,” Pantera noted that the worst may be over for the blockchain and cryptocurrency industry.

Citing what many consider the most catastrophic events in blockchain’s history, the hedge fund noted that the absence of those events is a positive development for the industry. It also highlighted removing some regulations as another plus for blockchain and cryptocurrency.

Beginning with the early challenges of crypto, cryptocurrency’s catastrophic events identified by Pantera include the Mt. Gox case of 2013, the BitFinex hack in 2016, Jamie Dimon and Larry Fink’s negative Bitcoin comments of 2017, and the 2018 Bitcoin ETF rejections besides the crackdown on ICOs.

The post Blockchain and Crypto Have Taken Steps Towards Regulatory Clarity: Pantera appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.