Pantera Capital CEO Dan Morehead is known as one of the strongest proponents of Bitcoin. He has previously stated on several occasions that BTC could reach $ 100,000 in 2021.
This week, the businessman spoke positively about altcoins Ether (ETH) and Polkadot (DOT).
He tweeted that his company is committed to the long-term growth in the value of these two cryptocurrencies. Already last year, we saw how these altcoins achieved exceptional results.
We’re v. bullish #Ethereum & #Polkadot. Even more bullish DeFi projects built on them.— Dan Morehead (@dan_pantera) January 26, 2021
Non-bitcoin+ethereum share has grown from 16% to 21%. That’s where largest gains are likely to be in 2021.
Pantera Liquid Token Fund is long 62% non-bitcoin+ethereum.https://t.co/0PxBUIvmjV pic.twitter.com/3aD7l0Ytuf
For example, only the share of one ether on the market has grown from 16% to 21%. In 2021, a more impressive mouth in the value of altcoins is expected.
ETH and DOT are rising in value today along with Bitcoin. At the time of this publication, these cryptocurrencies were trading above $ 1,415 and $ 17, respectively (+ 7% and + 2%).
One of the key drivers of growth in the cost of ether may be the launch of ETH futures on the Chicago Stock Exchange in February this year. Many analysts expect institutional investors to hit the airwaves after the launch of such a product.