Pantera Capital CEO, Dan Morehead Calls Banks “The Rats” If Bitcoin is Rat Poison

The CEO of Pantera capital,Dan Morehead, has expressed his opinion, saying: “If Bitcoin is rat poison, banks are the rats.” Regarding Warren Buffet’s pompous statement earlier this year that bitcoin is “rat poison squared,” he went further to reveal that the company intends to continue in the maintenance of positive outlook for cryptocurrency despite the current market downturn.
He stated this in an ICO and digital asset launch on Tuesday. The CEO claimed that blockchain is the next step in the evolution of equity.  He also referred on the cryptocurrency as being superior to fiat currency.
Dan has undeniably been an advocate of the blockchain technology; he stated that the virtual currency market cap could one day be as buoyant as to worth $40 trillion. Earlier this year, the company said that the market had bottomed out and that it was time to go “long” on virtual currencies, most especially Bitcoin (BTC).
The CEO stated that this current period of downturn in the virtual currency is the best time to invest into the digital market as the shift is on its way in about 10 -12 months where cryptocurrency is going to hit its peak once again. He was quoted saying “That’s actually a good time to increase your position.
Citing that investors in Pantera’s funds generally fail to follow this golden rule, which implies that, most subscriptions are purchased when the fund prices are high.
Also, Dan Morehead stated that: “I think we’re heading towards a post-capitalist era,” describing capitalism as that which a wealthy individual invests in bringing more money. He described the last 30 years as being an “interregnum period” where people who were not wealthy created valuable technologies. “Now we’re going to have ‘cooperatively owned’ technologies that are very valuable.”
Morehead and other officials while reviewing the various investments Pantera Capital has made discovered that most recent venture is Augur which is an open source P2P oracle and prediction market platform built on Ethereum. They also discussed the advantages of having a variety in an investment portfolio, which explains why the company didn’t invest in Bitcoin alone but 29 different virtual currency.
It was also revealed that the company is also engaged in some activities such as specialty trading and automating trade execution just to improve costs. The interest of corporate asset holders in blockchain technology and digital currency was another reason cited by the company’s representatives, expressly stating that:

“We believe that institutional capital is on its way,” said Paul Veradittakit, partner, citing Goldman Sachs and Northern Trust. Other investment bankers are also looking at custody for crypto. “We see custody solutions emerging in all different geographies.”

An investment associate, Lauren Stephanian, revealed that Intercontinental Exchange, which is operating in global exchanges, will be reportedly establishing a conglomerate which will go by the name “Bakkt” in order to develop an innovative technology which will incorporate existing market and merchant infrastructure to the blockchain technology.
It proposed three significant products which are: an exchange, custody solutions and a payment system. Apparently, Pantera Capital has been reporting to Bakkt on the platform design and is also a co-investor as far as the company is concerned.

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