Dan Morehead, founder and managing partner of Pantera, one of the first cryptocurrency and digital assets-focused hedge funds, has predicted an upcoming bull market for cryptocurrencies. Pantera’s latest blockchain letter titled “Bonds Down, Crypto Up” details the struggles that traditional market investors might face as the U.S. Federal Reserve is unable to keep “manipulating” the bonds market.

Furthermore, Morehead states that investors should be wary of investing in “interest-rate sensitive asset classes.” This is where cryptocurrencies are poised to shine, as Morehead believes blockchain assets “should be able to trade independently of rising rates,” evading the impact of the coming announcement from the Fed.

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