Dan Morehead advises buying bitcoin now, while it's cheap

The founder of Pantera Capital Management believes that now the cryptocurrency has reached the bottom.

03.Jun.18 9:36 AM
By Abigail Richards
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Dan Morehead advises buying bitcoin now, while it's cheap

So, as blockchain.ru writes, the founder of Pantera Capital Management believes that now the cryptocurrency has reached the bottom and therefore one should try to buy as many bitcoins as possible to become rich shortly.

According to Morehead, the price of bitcoin reached the "bottom," and it was the time for opening long positions.

It was also said that now all the cryptocurrencies without exception are very cheap, on average, we are talking about a decrease in the current year by 60-65 percent compared to their maximum cost. Moreover, this, according to Morehead, can say that soon a rapid growth will begin, on which you can make good money.

Morehead said that digital money is still unregulated industry, but it is precisely this that can work in favor of those who want to invest money in them. At the same time, it was said that we are talking about both large investors and ordinary people who buy cryptocurrency units.

According to Morehead, it is necessary to invest in the cryptocurrency now, because soon, when regulation appears, it will be too late.

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