The founder of the first crypto venture capital firm believes that altcoins will eventually provide better returns than Bitcoin.
Dan Morehead, the founder of the first crypto venture capital firm, Pantera Capital, believes that altcoins will outperform Bitcoin (BTC) over the next couple of years.
Speaking at the Unitize virtual event, Morehead said that in the short-term, his firm is betting on altcoins:
“And it's our opinion that these altcoins and particularly smaller cap smart contract tokens are going to outperform Bitcoin over the next couple of years.”
Portfolio altcoins are up 100%
He emphasized that it would be incorrect to suggest that Pantera does not believe in Bitcoin.