Blockchain and Crypto Have Taken Steps Towards Regulatory Clarity: Pantera

• Pantera Capital thinks the worst may be over for the blockchain and cryptocurrency industry.
• The hedge fund believes the absence of catastrophic events is positive for crypto.
• According to Pantera, regulatory clarity and Bitcoin halving could spur the next bull market.

Pantera Capital Management, an American hedge fund focused on digital assets, recently published an open letter addressing the state of the blockchain and crypto industry. In the letter titled “The Absence of Bad Things,” Pantera noted that the worst may be over for the blockchain and cryptocurrency industry.

Citing what many consider the most catastrophic events in blockchain’s history, the hedge fund noted that the absence of those events is a positive development for the industry. It also highlighted removing some regulations as another plus for blockchain and cryptocurrency.

Beginning with the early challenges of crypto, cryptocurrency’s catastrophic events identified by Pantera include the Mt. Gox case of 2013, the BitFinex hack in 2016, Jamie Dimon and Larry Fink’s negative Bitcoin comments of 2017, and the 2018 Bitcoin ETF rejections besides the crackdown on ICOs. 

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