Bitcoin (BTC) Is Ready To Rally - Pantera Capital CEO, Dan Morehead

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In an interview with Bloomberg, Dan Morehead said that Bitcoin bottomed out in June and is on the cusp of a bull market after surpassing the bear cycle.

"You know we’ve been doing this for 10 years and through three significant bear market cycles. And they typically lasted 220 days. Essentially, that is what we just experienced "- Says Dan.

The Pantera Capital CEO says that the flagship crypto asset is likely to maintain the average annual growth rate of 150% “for a while.”