Publishing their latest newsletter to investors, Pantera Capital has stated that “Venture capital will drive Bitcoin growth”. The essay is part of their overall research which covers recent developments in bitcoins over the past month as well as technical and fundamental analysis. Last month’s research was notable for presenting further bullish forecasts for bitcoins despite a month long rally having already taken place.
This time around, Pantera is focusing on the emergence of venture funds into the sector. The timing of the report couldn’t be more opportune as it was distributed just as Xapo had made public that it secured $20 million in new funding. Pantera Capital themselves has also been responsible for a portion of the growth in investing, having led a $600,000 seed round in BitPagos. According to Pantera’s estimates over $250 million in funding has been reported for 2014, compared to $88 million in 2013 and $9 million in 2012, adding that the investments have gone to “funding a minimum of 3,592 Bitcoin projects around the world, almost three times one year ago”.
Explaining the rationale behind the investments Pantera pointed to innovative and disruptive features of bitcoins such as, “bitcoin is built for the internet”, “that it directly attacks areas of the economy which enjoy monopoly profits”, and its ability to provide banking and a store of wealth in areas lacking strong financial infrastructures and or stable government backed currencies. As a result of the funding, it creates services and solutions for the use of bitcoins. With a hard-cap on the amount of available bitcoins, the increase demand due to venture backed innovation provides a fundamentally backed proposition for higher prices of bitcoins according to Pantera Capital. The venture driven thesis concludes by returning to an earlier analogy of bitcoins to TCP/IP technology of the early 90’s, stating:
We believe the TCP/IP analogue is great. If you saw that protocol’s promise you had no direct investment opportunity. You couldn’t buy a chunk of TCP/IP. Investors could only buy proxies – like Pets.com. Bitcoin may be unique in offering investors a direct stake in the protocol. Bitcoin investors own a piece of what may be the future payment rail – not just memories of Sock Puppet.
BitIndex
The research report also announced the launch of the Pantera BitIndex. Measuring seven data points, according to Pantera Capital, the index isn’t meant as a short term predicter of price movements, but one that is expected to forecast medium range movements of bitcoin prices. The seven data points are:
Publishing their latest newsletter to investors, Pantera Capital has stated that “Venture capital will drive Bitcoin growth”. The essay is part of their overall research which covers recent developments in bitcoins over the past month as well as technical and fundamental analysis. Last month’s research was notable for presenting further bullish forecasts for bitcoins despite a month long rally having already taken place.
This time around, Pantera is focusing on the emergence of venture funds into the sector. The timing of the report couldn’t be more opportune as it was distributed just as Xapo had made public that it secured $20 million in new funding. Pantera Capital themselves has also been responsible for a portion of the growth in investing, having led a $600,000 seed round in BitPagos. According to Pantera’s estimates over $250 million in funding has been reported for 2014, compared to $88 million in 2013 and $9 million in 2012, adding that the investments have gone to “funding a minimum of 3,592 Bitcoin projects around the world, almost three times one year ago”.
Explaining the rationale behind the investments Pantera pointed to innovative and disruptive features of bitcoins such as, “bitcoin is built for the internet”, “that it directly attacks areas of the economy which enjoy monopoly profits”, and its ability to provide banking and a store of wealth in areas lacking strong financial infrastructures and or stable government backed currencies. As a result of the funding, it creates services and solutions for the use of bitcoins. With a hard-cap on the amount of available bitcoins, the increase demand due to venture backed innovation provides a fundamentally backed proposition for higher prices of bitcoins according to Pantera Capital. The venture driven thesis concludes by returning to an earlier analogy of bitcoins to TCP/IP technology of the early 90’s, stating:
We believe the TCP/IP analogue is great. If you saw that protocol’s promise you had no direct investment opportunity. You couldn’t buy a chunk of TCP/IP. Investors could only buy proxies – like Pets.com. Bitcoin may be unique in offering investors a direct stake in the protocol. Bitcoin investors own a piece of what may be the future payment rail – not just memories of Sock Puppet.
BitIndex
The research report also announced the launch of the Pantera BitIndex. Measuring seven data points, according to Pantera Capital, the index isn’t meant as a short term predicter of price movements, but one that is expected to forecast medium range movements of bitcoin prices. The seven data points are:
Binance Assists Dutch Authorities in Exposing $30M Online Fraud
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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