Dan Morehead, CEO of a $1 bln cryptocurrency hedge fund Pantera Capital, says today’s crypto markets are “very cheap” and now’s the time to buy. Morehead’s comments came from an interview with CNBC today, June 1st.
Morehead added that with the markets “down 65 percent from their highs,” “it's much cheaper to buy now and participate in the rally as it goes." He offered a rule of thumb for anyone looking to make profits in crypto, suggesting: