Dan Morehead
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Fmoreheaddas.jpg&w=1536&q=40)
Pantera CEO Dan Morehead believes bitcoin has bottomed while the firm’s market outlook for the year remains dominated by DeFi
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F03%2FDan-Morehead-Pantera.jpg&w=1536&q=40)
The fund, with an initial target raise of $600 million, will close to new investors in April
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F10%2F20210915_Blockworks_DAS_1958.jpg&w=1536&q=40)
Terra’s market capitalization is hovering around $31 billion, but “still has plenty of room to grow,” Dan Morehead said
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F10%2F20210915_Blockworks_DAS_1958.jpg&w=1536&q=40)
Pantera, which earlier this year set its bitcoin price target to hit $115,000 by August 2021, has long looked to bitcoin halving cycles as a timeline for price movements.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F09%2F20210915_Blockworks_DAS_2233-1.jpg&w=1536&q=40)
Founders of Morgan Creek Capital Management, 10T criticize hedge fund manager Ray Dalio’s remarks on crypto
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F05%2Fdan_morehead_pantera.jpeg&w=1536&q=40)
Pantera Capital announced a new $600 million blockchain fund to invest in early stage tokens, equities and currencies as venture capital allocated to digital assets hits an all-time high.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F01%2FMorehead.jpg&w=1536&q=40)
Pantera Capital’s Bitcoin Fund has returned over 79,400% in seven years and has returned billions of dollars to its investors. Pantera currently manages over $4.8 billion in capital.
Get the daily newsletter that helps thousands of investors understand the markets.