Joey Krug, chief investment officer of cryptocurrency investment company Pantera Capital, said that the company switched from altcoins to ETH last year in an attempt to avoid further shrinkage of investment, but has now begun to switch back to some altcoins because they believe that these altcoins will run in the future cycle. Win ETH, which is also the first time the company has switched from Bitcoin and Ethereum to altcoins since the spring.
The cryptocurrency market rebounded modestly in January this year after last year’s slump. Pantera’s Liquid Token Fund fell 80% in 2022. In an investor conference call last week, Pantera Capital said that the Liquid Token Fund rebounded this month and has risen about 47%.
By comparison, the Bloomberg Galaxy Crypto Index fund rose nearly 40% in January.