Pantera Capital founder and managing associate Dan Morehead argued on CNBC’s Squawk Field program that Solana has outperformed Bitcoin over the past 4 years.
Morehead additionally introduced Pantera’s new enterprise: Solana Digital Asset Treasury, which will probably be listed on the NASDAQ.
Morehead said that this transfer will make Solana simpler for normal buyers to entry, saying, “Till now, there hasn’t been an ETF for Solana. For most individuals, opening a crypto pockets or staking is a cumbersome course of. This firm will provide buyers the chance to spend money on Solana instantly by their brokerage accounts and earn roughly 7% returns.”
Morehead additionally touched upon the comparability between Ethereum and Solana, saying that each blockchains have completely different utilization areas, however Solana stands out when it comes to pace, low price and efficiency.
Morehead, noting that Pantera holds $1.1 billion value of Solana in its portfolio, mentioned, “Solana is presently just one/twentieth of Bitcoin’s market capitalization. Subsequently, we imagine Solana has increased potential returns over the long run in comparison with each Bitcoin and Ethereum.”
Morehead additionally shared his worth prediction for Bitcoin, stating that the cryptocurrency might rise to $750,000 within the subsequent 4 to 5 years, and that it’s doable to succeed in million-dollar ranges in the long term.
*This isn’t funding recommendation.
