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The bitcoin price 2019 (BTC) is still going down ten to fifty times’, says Dan Morehead, together with Mike Novogratz one of the most famous crypto investors in the world.
Morehead, founder, and CEO of cryptofonds Pantera Capital made his statements in an interview with Real Vision Finance. Pantera Capital can be described as an active investment fund with family offices and high net worth individuals as its clients.
Bitcoin Price 2019
While 2018 was dedicated to the bears, 2019 had two faces. Memorable is the bull run that the largest crypto coin underwent between April and June.
From that provisional high at $14,000, the price has been corrected to $6,700 at the time of writing.
The year started with a price of $3,700, so at the bottom of the line, there is a plus of 81%. This still makes bitcoin the best performing asset of 2019 against oil, real estate, Amazon or Tesla.

Millennials vs. ‘Ok, boomers’, fiat vs. Internet money
In the interview, Morehead sums up the possibilities of bitcoin and the underlying blockchain technology.
First of all, he emphasizes that many of the award-winning investors in the U.S. have ignored or declared bitcoin dead. When bitcoin was worth $200, Warren Buffett called it ‘rat poison’.
Morehead got to know bitcoin very early, the time that you could get faucet 5 (!) bitcoin via an online bitcoin if you filled in a captcha. He foresees that especially the millennials will see crypto as their money.


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