A general partner at digital asset investment firm Pantera Capital is optimistic that crypto will have a bullish year despite the significant correction witnessed since Bitcoin ( BTC ) hit an all-time high in January. According to Pantera Capital’s Cosmo Jiang, the worst phase for crypto assets could now be over, despite the macroeconomic headwinds still hanging over the industry. “…this was a challenging quarter, with large macro forces clearly in the driver’s seat and causing a meaningful risk appetite pullback. The biggest overhang continues to be the uncertainty around tariffs and their impact on the global economy. The picture remains highly uncertain, reflected in historically-low sentiment indicators. However, these sentiment signals would also suggest that we are likely past the most aggressive selling point.” Over the short term, the Pantera Capital general partner says crypto assets have demonstrated relative strength compared to other assets. “We are starting to see signs that digital assets are performing better on a very short time frame. April month-to-date, digital assets have shown relative outperformance versus equities and the dollar. Solana and Bitcoin are up while equities are down. It’s early, but it’s possible that, just as digital assets were the first to pull back, they may also be the first to bottom out and rebound.” According to Jiang, crypto prices are currently not reflecting the positive developments the crypto industry has seen, such as a friendlier US regulatory environment and the establishment of a Strategic Bitcoin Reserve. “Arguably, crypto had the most positive headlines in its history, many of which are structural changes, and yet it had its worst quarter of performance since 2018. We believe the good news is definitely not priced in and may just be overlooked by a skittish market.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Likely Past Most Aggressive Selling Phase, Says Pantera Capital’s General Partner – Here’s His Outlook appeared first on The Daily Hodl .
