Pantera Boosted Its Bitcoin Allocation Amid Market Downturn.
Pantera Capital's Dan Morehead say , the Federal Reserve has been making major missteps & these mistakes are having an effect on the crypto market, where more "massive meltdowns" are expected to happen.
As an illustration of an unsustainable economic stabilization model, Morehead uses the fall of Terra, Celsius and cryptocurrency hedge fund Three Arrows Capital. These events are described by him as "massive meltdowns."
He also Pantera raised its Bitcoin exposure during the market slump to reduce downside risk, despite being long-term optimistic on some of these projects.