Pantera Capital on The Next Bull Market Cycle

A letter titled "The seventh Bull Cycle™" authored by the founder and managing partner Dan Morehead of Pantera Capital and investment associates Ryan Barney and Sehaj Singh was published in Pantera capital February Blockchain letter. Pantera Capital is an investment firm which specializes in cryptocurrencies, digital assets and blockchain technologies. 

Morehead tweeted on Thursday "I believe that blockchain assets (using Bitcoin as a proxy) have seen the lows and that we're in the next bull market cycle - regardless of what happens in the interest rate sensitive asset classes".

Pantera Capital founder further stated that Bitcoin price decline from November 2021 to November 2022 was the median of the cycle adding it's the only bear market to more than completely wipe out the previous bull market giving back 136 % of the previous rally.